AeroVironment, Inc. (NASDAQ:AVAV) has earned an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $39.50.
A number of analysts have commented on AVAV shares. Canaccord Genuity lifted their price target on AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird reaffirmed a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research report on Tuesday, October 24th. Zacks Investment Research cut AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine cut AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, TheStreet raised AeroVironment from a “c+” rating to a “b” rating in a report on Friday, December 8th.
In related news, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $44.85, for a total value of $340,860.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $2,607,489.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $56.90, for a total value of $216,220.00. Following the completion of the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at approximately $3,308,052.20. The disclosure for this sale can be found here. In the last three months, insiders sold 38,000 shares of company stock valued at $1,982,916. Insiders own 11.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in AVAV. PNC Financial Services Group Inc. increased its stake in shares of AeroVironment by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock valued at $187,000 after purchasing an additional 56 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of AeroVironment in the 3rd quarter valued at about $250,000. First Manhattan Co. purchased a new position in shares of AeroVironment in the 3rd quarter valued at about $270,000. Invictus RG purchased a new position in shares of AeroVironment in the 3rd quarter valued at about $303,000. Finally, Suntrust Banks Inc. increased its stake in shares of AeroVironment by 3.8% in the 2nd quarter. Suntrust Banks Inc. now owns 9,224 shares of the aerospace company’s stock valued at $352,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 73.99% of the company’s stock.
Shares of AeroVironment (NASDAQ AVAV) traded down $0.53 on Friday, reaching $53.07. The company’s stock had a trading volume of 218,828 shares, compared to its average volume of 329,107. AeroVironment has a 12 month low of $24.70 and a 12 month high of $58.99. The firm has a market cap of $1,270.00, a PE ratio of 41.79, a P/E/G ratio of 5.09 and a beta of 1.16.
AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.30. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The company had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.53 million. During the same quarter in the previous year, the firm posted ($0.18) EPS. The firm’s revenue was up 47.3% compared to the same quarter last year. research analysts forecast that AeroVironment will post 0.7 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This report was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/14/aerovironment-inc-avav-receives-39-50-average-pt-from-analysts.html.
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.