AeroVironment, Inc. (NASDAQ:AVAV) Receives $211.83 Average Price Target from Brokerages

AeroVironment, Inc. (NASDAQ:AVAV) has been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $211.83.

A number of research firms have commented on AVAV. BTIG Research reissued a “buy” rating and issued a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Royal Bank of Canada decreased their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and lowered their target price for the stock from $240.00 to $230.00 in a research report on Wednesday, November 20th. Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. Finally, Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $161.00 to $220.00 in a research note on Wednesday, August 28th.

AeroVironment Stock Up 1.9 %

Shares of NASDAQ:AVAV opened at $194.50 on Friday. AeroVironment has a fifty-two week low of $116.51 and a fifty-two week high of $236.60. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $208.90 and its 200-day simple moving average is $194.28. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 91.31 and a beta of 0.49.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. The company had revenue of $189.48 million for the quarter, compared to analyst estimates of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 EPS. As a group, equities research analysts predict that AeroVironment will post 3.36 earnings per share for the current year.

Insider Activity

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total value of $184,854.12. Following the completion of the transaction, the chief financial officer now directly owns 17,376 shares of the company’s stock, valued at $3,658,343.04. The trade was a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 1,782 shares of company stock worth $372,615 over the last ninety days. 1.27% of the stock is currently owned by insiders.

Institutional Trading of AeroVironment

A number of large investors have recently made changes to their positions in AVAV. Security National Bank acquired a new stake in AeroVironment during the third quarter worth approximately $31,000. Canada Pension Plan Investment Board purchased a new position in shares of AeroVironment during the 2nd quarter worth $36,000. Truvestments Capital LLC acquired a new stake in shares of AeroVironment during the third quarter worth $62,000. Avior Wealth Management LLC grew its position in shares of AeroVironment by 51.0% in the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 133 shares during the period. Finally, Arcadia Investment Management Corp MI increased its stake in AeroVironment by 23.1% in the third quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.