Brokerages Set AeroVironment, Inc. (NASDAQ:AVAV) Price Target at $139.20

Shares of AeroVironment, Inc. (NASDAQ:AVAVGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $139.20.

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on AeroVironment from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Robert W. Baird reiterated a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research report on Friday, March 8th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Tuesday, March 5th. Finally, Raymond James boosted their price target on AeroVironment from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, December 7th.

Get Our Latest Report on AeroVironment

AeroVironment Stock Performance

AVAV opened at $150.76 on Friday. The stock’s 50 day simple moving average is $134.96 and its 200-day simple moving average is $125.78. AeroVironment has a 1 year low of $88.24 and a 1 year high of $184.61. The stock has a market cap of $4.24 billion, a PE ratio of -34.98 and a beta of 0.42. The company has a current ratio of 4.66, a quick ratio of 3.16 and a debt-to-equity ratio of 0.04.

AeroVironment (NASDAQ:AVAVGet Free Report) last announced its earnings results on Monday, March 4th. The aerospace company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.33 by $0.30. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The company had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $170.62 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. Sell-side analysts forecast that AeroVironment will post 2.8 EPS for the current year.

Insider Activity

In related news, VP Trace E. Stevenson sold 1,913 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $183.00, for a total transaction of $350,079.00. Following the completion of the sale, the vice president now directly owns 2,570 shares of the company’s stock, valued at $470,310. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AeroVironment news, VP Trace E. Stevenson sold 1,913 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $183.00, for a total value of $350,079.00. Following the completion of the sale, the vice president now directly owns 2,570 shares of the company’s stock, valued at $470,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Melissa Ann Brown sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the completion of the transaction, the senior vice president now directly owns 12,339 shares of the company’s stock, valued at $2,181,165.03. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On AeroVironment

Hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of AeroVironment by 60.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,134 shares of the aerospace company’s stock worth $766,000 after buying an additional 3,066 shares during the period. PNC Financial Services Group Inc. lifted its position in AeroVironment by 54.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,679 shares of the aerospace company’s stock valued at $348,000 after acquiring an additional 1,291 shares in the last quarter. Natixis Advisors L.P. lifted its position in AeroVironment by 20.3% in the 1st quarter. Natixis Advisors L.P. now owns 18,444 shares of the aerospace company’s stock valued at $1,736,000 after acquiring an additional 3,117 shares in the last quarter. Bank of Montreal Can raised its stake in AeroVironment by 14.8% during the 1st quarter. Bank of Montreal Can now owns 6,918 shares of the aerospace company’s stock valued at $656,000 after buying an additional 894 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in AeroVironment by 41.4% during the 1st quarter. MetLife Investment Management LLC now owns 11,831 shares of the aerospace company’s stock valued at $1,114,000 after buying an additional 3,466 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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