AeroVironment (AVAV) Getting Somewhat Favorable News Coverage, Analysis Shows
Media stories about AeroVironment (NASDAQ:AVAV) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AeroVironment earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.4976509267953 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- 2 Smart Stocks for In-the-Know Investors (finance.yahoo.com)
- AeroVironment starts solar high-altitude long-endurance UAS development program (financial-news.co.uk)
- Raytheon Wins $333M Deal to Aid Surveillance Radar Program (zacks.com)
- AeroVironment to Develop High Altitude Solar Drones (dronelife.com)
- AeroVironment Lands Drone Venture (labusinessjournal.com)
Shares of AeroVironment (AVAV) opened at $53.40 on Friday. AeroVironment has a 52-week low of $24.70 and a 52-week high of $58.99. The company has a market capitalization of $1,280.40, a PE ratio of 40.76, a PEG ratio of 5.34 and a beta of 1.16.
AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.30. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The business had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $63.53 million. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The business’s revenue was up 47.3% compared to the same quarter last year. research analysts expect that AeroVironment will post 0.67 earnings per share for the current fiscal year.
A number of analysts have issued reports on AVAV shares. Canaccord Genuity lifted their price target on AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird reaffirmed a “hold” rating and set a $35.00 price target on shares of AeroVironment in a report on Tuesday, October 24th. Zacks Investment Research cut AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, TheStreet upgraded AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. AeroVironment has a consensus rating of “Hold” and an average target price of $44.40.
In related news, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $57.10, for a total value of $433,960.00. Following the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $3,319,679.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $56.90, for a total value of $216,220.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $3,308,052.20. The disclosure for this sale can be found here. Insiders have sold 38,000 shares of company stock worth $1,967,336 in the last quarter. Insiders own 11.00% 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, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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