Brokerages Set AeroVironment, Inc. (NASDAQ:AVAV) PT at $70.75

Shares of AeroVironment, Inc. (NASDAQ:AVAV) have been given a consensus rating of “Hold” by the ten brokerages that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $70.75.

Several equities research analysts recently commented on AVAV shares. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a report on Friday, September 6th. BidaskClub upgraded AeroVironment from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. William Blair reiterated a “buy” rating on shares of AeroVironment in a report on Wednesday, August 21st. Canaccord Genuity set a $80.00 target price on AeroVironment and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $65.00 target price (down from $83.00) on shares of AeroVironment in a report on Wednesday, June 26th.

In other AeroVironment news, Chairman Timothy E. Conver sold 13,792 shares of AeroVironment stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $54.45, for a total transaction of $750,974.40. Following the sale, the chairman now directly owns 56,660 shares in the company, valued at approximately $3,085,137. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 6,896 shares of AeroVironment stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $50.93, for a total value of $351,213.28. Following the sale, the chairman now owns 56,660 shares in the company, valued at $2,885,693.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,168 shares of company stock worth $3,003,415. Company insiders own 10.50% of the company’s stock.



Hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. purchased a new stake in AeroVironment during the 3rd quarter worth approximately $29,000. Tyers Asset Management LLC increased its holdings in AeroVironment by 18.4% during the 2nd quarter. Tyers Asset Management LLC now owns 2,880 shares of the aerospace company’s stock worth $164,000 after purchasing an additional 448 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in AeroVironment by 49.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,096 shares of the aerospace company’s stock worth $176,000 after purchasing an additional 1,018 shares during the last quarter. Bank of Montreal Can increased its holdings in AeroVironment by 134.2% during the 2nd quarter. Bank of Montreal Can now owns 3,096 shares of the aerospace company’s stock worth $176,000 after purchasing an additional 1,774 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in AeroVironment by 2,439.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,631 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 3,488 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

Shares of NASDAQ:AVAV traded up $1.47 during mid-day trading on Monday, hitting $56.38. 144,327 shares of the company traded hands, compared to its average volume of 235,731. The firm has a market cap of $1.31 billion, a P/E ratio of 38.09 and a beta of 1.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 9.26 and a current ratio of 10.56. AeroVironment has a 52-week low of $48.61 and a 52-week high of $103.46. The firm’s 50 day simple moving average is $55.44 and its 200 day simple moving average is $60.22.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Wednesday, September 4th. The aerospace company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.35 by $0.39. The business had revenue of $86.91 million for the quarter, compared to the consensus estimate of $85.25 million. AeroVironment had a return on equity of 8.55% and a net margin of 11.52%. Equities research analysts expect that AeroVironment will post 1.65 EPS for the current fiscal year.

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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