AeroVironment, Inc. (AVAV) Receives $83.20 Consensus Target Price from Analysts

AeroVironment, Inc. (NASDAQ:AVAV) has been assigned an average rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $83.20.

Several brokerages have recently issued reports on AVAV. BidaskClub raised shares of AeroVironment from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 11th. Piper Jaffray Companies reissued a “neutral” rating and set a $77.00 price objective on shares of AeroVironment in a research report on Thursday, September 6th. Zacks Investment Research raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $115.00 price objective for the company in a research report on Friday, September 7th. Robert W. Baird increased their price objective on shares of AeroVironment from $52.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 28th. Finally, Canaccord Genuity increased their price objective on shares of AeroVironment from $60.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th.

Shares of AVAV stock traded up $0.99 during trading hours on Monday, hitting $89.95. 353,808 shares of the company were exchanged, compared to its average volume of 312,005. AeroVironment has a 52 week low of $41.53 and a 52 week high of $121.32. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 83.29, a P/E/G ratio of 4.06 and a beta of 1.16.



AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Wednesday, September 5th. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.79. AeroVironment had a net margin of 15.56% and a return on equity of 10.71%. The company had revenue of $78.04 million during the quarter, compared to the consensus estimate of $73.65 million. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. The firm’s revenue was up 127.1% compared to the same quarter last year. As a group, sell-side analysts predict that AeroVironment will post 1.1 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. bought a new position in AeroVironment in the first quarter valued at $100,000. Point72 Hong Kong Ltd bought a new position in AeroVironment in the second quarter valued at $111,000. Tower Research Capital LLC TRC bought a new position in AeroVironment in the second quarter valued at $158,000. Steward Partners Investment Advisory LLC bought a new position in AeroVironment in the third quarter valued at $170,000. Finally, PNC Financial Services Group Inc. grew its position in AeroVironment by 113.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,527 shares of the aerospace company’s stock valued at $181,000 after purchasing an additional 1,342 shares in the last quarter. 82.11% of the stock is owned by institutional investors and hedge funds.

About AeroVironment

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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