AeroVironment, Inc. (NASDAQ:AVAV) Receives Consensus Rating of “Buy” from Brokerages

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AeroVironment, Inc. (NASDAQ:AVAV) has been given an average rating of “Buy” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $79.00.

AVAV has been the topic of several analyst reports. Robert W. Baird upgraded shares of AeroVironment from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $65.00 to $81.00 in a report on Monday, December 2nd. ValuEngine upgraded shares of AeroVironment from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Piper Jaffray Companies reiterated a “buy” rating and issued a $76.00 target price on shares of AeroVironment in a report on Wednesday, November 20th. William Blair lowered shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, BidaskClub lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a report on Thursday.

In other AeroVironment news, Chairman Timothy E. Conver sold 7,896 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $67.93, for a total value of $536,375.28. Following the sale, the chairman now directly owns 56,032 shares in the company, valued at $3,806,253.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 6,896 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $60.86, for a total transaction of $419,690.56. Following the completion of the sale, the chairman now owns 56,032 shares in the company, valued at $3,410,107.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,480 shares of company stock worth $2,278,719. Company insiders own 10.50% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new position in shares of AeroVironment in the 4th quarter valued at about $41,000. Cubist Systematic Strategies LLC bought a new position in shares of AeroVironment in the 4th quarter valued at about $822,000. Bank of America Corp DE grew its position in shares of AeroVironment by 59.2% in the 4th quarter. Bank of America Corp DE now owns 47,285 shares of the aerospace company’s stock valued at $2,919,000 after acquiring an additional 17,590 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of AeroVironment by 9.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 19,027 shares of the aerospace company’s stock valued at $1,175,000 after acquiring an additional 1,564 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of AeroVironment by 119.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 114,560 shares of the aerospace company’s stock valued at $7,073,000 after acquiring an additional 62,316 shares during the period. Institutional investors and hedge funds own 85.86% of the company’s stock.

NASDAQ AVAV traded down $6.15 during trading hours on Friday, hitting $63.82. The company’s stock had a trading volume of 706,021 shares, compared to its average volume of 211,635. The stock has a fifty day moving average of $67.80 and a 200 day moving average of $60.16. AeroVironment has a twelve month low of $48.61 and a twelve month high of $95.38. The firm has a market capitalization of $1.67 billion, a P/E ratio of 39.64, a PEG ratio of 1.67 and a beta of 1.14. The company has a quick ratio of 9.01, a current ratio of 10.18 and a debt-to-equity ratio of 0.01.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Tuesday, December 3rd. The aerospace company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.05. AeroVironment had a net margin of 11.60% and a return on equity of 8.59%. The business had revenue of $83.30 million for the quarter, compared to analyst estimates of $80.53 million. During the same period in the prior year, the business posted $0.29 earnings per share. AeroVironment’s revenue was up 14.1% compared to the same quarter last year. On average, analysts predict that AeroVironment will post 1.63 earnings per share for the current year.

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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Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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