AeroVironment, Inc. (NASDAQ:AVAV) Given Consensus Rating of “Moderate Buy” by Analysts

AeroVironment, Inc. (NASDAQ:AVAVGet Free Report) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $140.20.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of AeroVironment from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Tuesday, March 5th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $161.00 target price on shares of AeroVironment in a research note on Friday, March 8th.

View Our Latest Research Report on AVAV

Institutional Investors Weigh In On AeroVironment

Several hedge funds and other institutional investors have recently modified their holdings of AVAV. NBC Securities Inc. acquired a new position in shares of AeroVironment in the 1st quarter valued at about $26,000. Bfsg LLC acquired a new position in shares of AeroVironment in the 4th quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of AeroVironment in the 1st quarter valued at about $38,000. GAMMA Investing LLC acquired a new position in shares of AeroVironment in the 4th quarter valued at about $32,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of AeroVironment in the 4th quarter valued at about $39,000. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Down 0.3 %

Shares of NASDAQ AVAV opened at $203.86 on Friday. AeroVironment has a 1 year low of $89.14 and a 1 year high of $206.78. The firm’s 50 day moving average price is $172.93 and its 200 day moving average price is $146.29. The firm has a market cap of $5.74 billion, a P/E ratio of -47.30 and a beta of 0.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.16 and a current ratio of 4.66.

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

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.

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Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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