BidaskClub cut shares of AeroVironment (NASDAQ:AVAV) from a hold rating to a sell rating in a research report released on Thursday morning, BidAskClub reports.
Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of AeroVironment from a hold rating to a buy rating in a report on Tuesday, May 14th. Canaccord Genuity upgraded shares of AeroVironment from a hold rating to a buy rating and lifted their target price for the company from $84.00 to $86.00 in a report on Tuesday, May 14th. Zacks Investment Research upgraded shares of AeroVironment from a hold rating to a buy rating and set a $79.00 target price on the stock in a report on Tuesday, April 30th. TheStreet lowered shares of AeroVironment from an a- rating to a c+ rating in a report on Monday, March 11th. Finally, Piper Jaffray Companies reduced their target price on shares of AeroVironment from $79.00 to $74.00 and set a neutral rating on the stock in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $76.10.
Shares of NASDAQ AVAV opened at $63.99 on Thursday. The firm has a market cap of $1.53 billion, a PE ratio of 59.25, a P/E/G ratio of 1.54 and a beta of 1.29. AeroVironment has a 52-week low of $56.00 and a 52-week high of $121.32.
In other AeroVironment news, Chairman Timothy E. Conver sold 6,896 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $68.36, for a total value of $471,410.56. Following the transaction, the chairman now owns 55,659 shares in the company, valued at approximately $3,804,849.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Timothy E. Conver sold 16,222 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $69.68, for a total transaction of $1,130,348.96. Following the completion of the transaction, the chairman now owns 55,659 shares in the company, valued at approximately $3,878,319.12. The disclosure for this sale can be found here. Insiders have sold a total of 80,781 shares of company stock worth $5,391,781 in the last 90 days. Company insiders own 11.70% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in AeroVironment in the 4th quarter worth $68,000. Bank of Montreal Can lifted its holdings in AeroVironment by 12.9% in the 4th quarter. Bank of Montreal Can now owns 1,350 shares of the aerospace company’s stock worth $91,000 after buying an additional 154 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in AeroVironment in the 4th quarter worth $122,000. Quantamental Technologies LLC acquired a new position in AeroVironment in the 1st quarter worth $159,000. Finally, Victory Capital Management Inc. acquired a new position in AeroVironment in the 1st quarter worth $185,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.
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