AeroVironment (NASDAQ:AVAV) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of AeroVironment (NASDAQ:AVAV) from a sell rating to a hold rating in a report issued on Saturday, BidAskClub reports.

AVAV has been the topic of a number of other reports. Piper Sandler upped their target price on AeroVironment from $76.00 to $93.00 and gave the company an overweight rating in a research report on Wednesday, June 24th. Stifel Nicolaus raised AeroVironment from a hold rating to a buy rating and upped their target price for the company from $55.00 to $90.00 in a research report on Thursday, June 25th. Robert W. Baird lowered AeroVironment from an outperform rating to a neutral rating and set a $86.00 target price on the stock. in a research report on Friday, August 7th. TheStreet upgraded AeroVironment from a c+ rating to a b- rating in a report on Monday, June 22nd. Finally, William Blair upgraded AeroVironment from a market perform rating to an outperform rating in a report on Thursday, October 8th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. AeroVironment presently has a consensus rating of Buy and an average target price of $83.33.

AeroVironment stock opened at $75.51 on Friday. The stock’s 50 day moving average price is $67.40 and its 200 day moving average price is $69.40. AeroVironment has a one year low of $45.00 and a one year high of $87.00. The firm has a market capitalization of $1.82 billion, a PE ratio of 53.55 and a beta of 0.66.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Wednesday, September 9th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. AeroVironment had a return on equity of 7.30% and a net margin of 9.26%. The company had revenue of $87.50 million for the quarter, compared to analyst estimates of $80.47 million. During the same period in the prior year, the company posted $0.74 EPS. AeroVironment’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that AeroVironment will post 1.87 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. USA Financial Portformulas Corp bought a new position in AeroVironment during the 3rd quarter worth $30,000. Truvestments Capital LLC grew its stake in AeroVironment by 31.6% during the 2nd quarter. Truvestments Capital LLC now owns 525 shares of the aerospace company’s stock worth $41,000 after buying an additional 126 shares during the last quarter. Macquarie Group Ltd. bought a new position in AeroVironment during the 2nd quarter worth $50,000. Point72 Hong Kong Ltd grew its stake in AeroVironment by 362.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 827 shares of the aerospace company’s stock worth $66,000 after buying an additional 648 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in AeroVironment during the 2nd quarter worth $76,000. Hedge funds and other institutional investors own 77.93% of the company’s stock.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company supplies 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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