Analysts Set Aviat Networks, Inc. (NASDAQ:AVNW) Target Price at $38.60

Shares of Aviat Networks, Inc. (NASDAQ:AVNWGet Free Report) have earned a consensus recommendation of “Buy” from the five analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $38.60.

Several analysts have issued reports on AVNW shares. Lake Street Capital cut their target price on Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Roth Mkm reduced their target price on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Northland Securities decreased their target price on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. StockNews.com lowered shares of Aviat Networks from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a report on Tuesday, October 8th.

View Our Latest Analysis on Aviat Networks

Aviat Networks Stock Performance

Aviat Networks stock opened at $19.19 on Monday. Aviat Networks has a fifty-two week low of $12.95 and a fifty-two week high of $38.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72. The stock has a market cap of $243.52 million, a P/E ratio of -61.90 and a beta of 1.69. The firm’s fifty day moving average price is $17.28 and its 200-day moving average price is $21.89.

Insider Buying and Selling at Aviat Networks

In other Aviat Networks news, CFO Michael Connaway purchased 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $14.13 per share, with a total value of $49,455.00. Following the completion of the purchase, the chief financial officer now directly owns 57,893 shares of the company’s stock, valued at $818,028.09. The trade was a 6.43 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Pete A. Smith acquired 3,000 shares of Aviat Networks stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $14.13 per share, for a total transaction of $42,390.00. Following the completion of the transaction, the chief executive officer now owns 298,539 shares in the company, valued at approximately $4,218,356.07. This trade represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,400 shares of company stock worth $106,110. 4.10% of the stock is currently owned by company insiders.

Institutional Trading of Aviat Networks

Several institutional investors and hedge funds have recently bought and sold shares of AVNW. GAMMA Investing LLC purchased a new stake in shares of Aviat Networks in the 4th quarter worth about $34,000. NBC Securities Inc. purchased a new stake in Aviat Networks in the third quarter worth about $62,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Aviat Networks during the third quarter valued at approximately $263,000. BNP Paribas Financial Markets lifted its holdings in shares of Aviat Networks by 635.0% during the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock valued at $308,000 after purchasing an additional 12,306 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Aviat Networks by 298.0% in the 3rd quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock worth $344,000 after purchasing an additional 11,926 shares in the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Aviat Networks Company Profile

(Get Free Report

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.

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Analyst Recommendations for Aviat Networks (NASDAQ:AVNW)

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