AeroVironment, Inc. (AVAV) Given Average Rating of “Hold” by Analysts

AeroVironment, Inc. (NASDAQ:AVAV) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $39.00.

Several research analysts have issued reports on AVAV shares. TheStreet upgraded AeroVironment from a “c-” rating to a “b” rating in a report on Tuesday, June 27th. BidaskClub lowered AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Canaccord Genuity increased their price target on AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, August 30th. Jefferies Group LLC increased their price target on AeroVironment from $29.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, August 30th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a report on Monday, August 28th.

AeroVironment (AVAV) opened at 54.69 on Wednesday. AeroVironment has a 12-month low of $22.16 and a 12-month high of $55.75. The stock’s 50 day moving average price is $49.24 and its 200 day moving average price is $37.01. The company has a market cap of $1.28 billion, a PE ratio of 64.42 and a beta of 1.29.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.15. The business had revenue of $43.80 million for the quarter, compared to analyst estimates of $42.44 million. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.51) earnings per share. Equities research analysts anticipate that AeroVironment will post $0.61 EPS for the current year.

In other news, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $54.00, for a total value of $410,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $38.14, for a total value of $144,932.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $2,217,383.32. The disclosure for this sale can be found here. Insiders sold 52,135 shares of company stock worth $2,336,344 in the last 90 days. Corporate insiders own 11.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of AeroVironment by 1.8% in the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 61 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of AeroVironment by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,813 shares of the aerospace company’s stock valued at $135,000 after purchasing an additional 316 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of AeroVironment by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock valued at $136,000 after purchasing an additional 38 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of AeroVironment by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock valued at $155,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of AeroVironment by 3.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock valued at $185,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 77.55% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “AeroVironment, Inc. (AVAV) Given Average Rating of “Hold” by Analysts” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/11/aerovironment-inc-avav-given-average-rating-of-hold-by-analysts.html.

About AeroVironment

Several research analysts have issued reports on AVAV shares. TheStreet upgraded AeroVironment from a “c-” rating to a “b” rating in a report on Tuesday, June 27th. BidaskClub lowered AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Canaccord Genuity increased their price target on AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, August 30th. Jefferies Group LLC increased their price target on AeroVironment from $29.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, August 30th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a report on Monday, August 28th.

AeroVironment (AVAV) opened at 54.69 on Wednesday. AeroVironment has a 12-month low of $22.16 and a 12-month high of $55.75. The stock’s 50 day moving average price is $49.24 and its 200 day moving average price is $37.01. The company has a market cap of $1.28 billion, a PE ratio of 64.42 and a beta of 1.29.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.15. The business had revenue of $43.80 million for the quarter, compared to analyst estimates of $42.44 million. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.51) earnings per share. Equities research analysts anticipate that AeroVironment will post $0.61 EPS for the current year.

In other news, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $54.00, for a total value of $410,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $38.14, for a total value of $144,932.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $2,217,383.32. The disclosure for this sale can be found here. Insiders sold 52,135 shares of company stock worth $2,336,344 in the last 90 days. Corporate insiders own 11.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of AeroVironment by 1.8% in the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 61 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of AeroVironment by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,813 shares of the aerospace company’s stock valued at $135,000 after purchasing an additional 316 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of AeroVironment by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock valued at $136,000 after purchasing an additional 38 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of AeroVironment by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock valued at $155,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of AeroVironment by 3.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock valued at $185,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 77.55% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “AeroVironment, Inc. (AVAV) Given Average Rating of “Hold” by Analysts” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/11/aerovironment-inc-avav-given-average-rating-of-hold-by-analysts.html.

About AeroVironment

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.

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