AeroVironment, Inc. (NASDAQ:AVAV – Get Rating) shares have been given a consensus rating of “Hold” by the nine rating agencies that currently cover the company, Marketbeat reports. One investment analyst gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. The average 1-year price target among brokers who have rated the stock in the past year is $91.00.
AVAV has been the subject of several recent research reports. Canaccord Genuity Group raised its price target on AeroVironment shares from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird cut AeroVironment shares from an “outperform” rating to a “neutral” rating and set a price target of $95.00 for the company. in a report on Friday, April 22. StockNews.com launched coverage on AeroVironment shares in a research note on Thursday, March 31. They issued a “sell” rating for the company. Alembic Global Advisors upgraded AeroVironment shares from a “neutral” rating to an “overweight” rating and set a target price of $103.00 for the company in a research note on Friday. Finally, Royal Bank of Canada downgraded AeroVironment’s shares from a “sector performance” rating to an “outperform” rating and raised its price target for the company from $95.00 to 100. $.00 in a Wednesday, May 18, research report.
NASDAQ:AVAV shares opened at $85.91 on Friday. The company has a market capitalization of $2.14 billion, a price-earnings ratio of -2,862.71 and a beta of 0.43. The company’s 50-day simple moving average is $85.03 and its 200-day simple moving average is $77.81. The company has a quick ratio of 3.03, a current ratio of 4.05 and a leverage ratio of 0.30. AeroVironment has a fifty-two week low of $52.03 and a fifty-two week high of $114.11.
AeroVironment (NASDAQ:AVAV – Get Rating) last announced its results on Tuesday, June 28. The aerospace company reported earnings per share (EPS) of $0.30 for the quarter, missing consensus analyst estimates of $0.41 per ($0.11). AeroVironment posted a positive return on equity of 8.14% and a negative net margin of 0.11%. The company posted revenue of $132.62 million for the quarter, versus analyst estimates of $134.16 million. In the same quarter a year earlier, the company posted EPS of $1.04. The company’s revenue was down 2.5% year over year. On average, research analysts expect AeroVironment to post 1.34 EPS for the current year.
A number of large investors have recently increased or reduced their stakes in the company. BlackRock Inc. increased its position in AeroVironment by 5.2% in the 1st quarter. BlackRock Inc. now owns 3,860,339 shares of the aerospace company worth $363,412,000 after acquiring 192,305 additional shares in the last quarter. American Capital Management Inc. increased its stake in AeroVironment shares by 1.1% in the fourth quarter. American Capital Management Inc. now owns 1,515,438 shares of the aerospace company valued at $94,003,000 after buying 16,281 additional shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its AeroVironment equity stake by 15.5% in Q1. Sumitomo Mitsui Trust Holdings Inc. now owns 1,371,808 shares of the aerospace company valued at $129,142,000 after buying 184,557 additional shares in the last quarter. Nikko Asset Management Americas Inc. increased its AeroVironment equity stake by 15.5% in Q1. Nikko Asset Management Americas Inc. now owns 1,371,210 shares of the aerospace company valued at $128,002,000 after buying an additional 184,397 shares in the last quarter. Finally, State Street Corp increased its stake in AeroVironment shares by 24.6% in the 1st quarter. State Street Corp now owns 1,350,501 shares of the aerospace company valued at $127,136,000 after buying an additional 266,607 shares in the last quarter. 85.48% of the shares are held by hedge funds and other institutional investors.
AeroVironment Company Profile (Get a rating)
AeroVironment, Inc designs, develops, produces, supplies and supports a portfolio of robotic systems and related services for government agencies and businesses. It operates in two segments, Unmanned Aircraft Systems (UAS) and Medium Unmanned Aircraft Systems (MUAS). The company provides UAS, tactical missile systems and related services primarily to organizations in the United States.
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