AeroVironment, Inc. (NASDAQ:AVAV) Receives $356.07 Consensus Price Target from Brokerages

AeroVironment, Inc. (NASDAQ:AVAV) has earned a consensus recommendation of “Moderate Buy” from the twenty analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, sixteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $356.0714.

Several equities analysts recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research note on Tuesday, September 16th. Royal Bank Of Canada increased their price objective on AeroVironment from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Zacks Research lowered shares of AeroVironment from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Robert W. Baird boosted their target price on AeroVironment from $267.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Weiss Ratings raised AeroVironment from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday.

AeroVironment Stock Down 1.4%

Shares of AVAV opened at $291.21 on Friday. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of -455.01, a price-to-earnings-growth ratio of 5.37 and a beta of 1.09. AeroVironment has a 1 year low of $102.25 and a 1 year high of $417.86. The business’s 50 day simple moving average is $333.63 and its 200-day simple moving average is $260.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $132.62 million during the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. As a group, equities analysts expect that AeroVironment will post 3.38 earnings per share for the current fiscal year.

Insider Activity at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 998 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $399.74, for a total value of $398,940.52. Following the completion of the transaction, the chief financial officer owned 19,324 shares of the company’s stock, valued at approximately $7,724,575.76. This represents a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the sale, the insider owned 4,907 shares of the company’s stock, valued at $1,869,567. This trade represents a 25.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,228 shares of company stock valued at $1,223,157 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of AeroVironment

A number of hedge funds have recently bought and sold shares of the company. N.E.W. Advisory Services LLC boosted its position in AeroVironment by 60.0% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 30 shares during the period. AlphaQuest LLC bought a new position in AeroVironment in the third quarter worth $25,000. ORG Partners LLC boosted its position in shares of AeroVironment by 296.0% during the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 74 shares in the last quarter. RMG Wealth Management LLC bought a new stake in AeroVironment in the second quarter valued at $28,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in AeroVironment by 100.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 40 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

About AeroVironment

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.