BidaskClub cut shares of AeroVironment (NASDAQ:AVAV) from a strong-buy rating to a buy rating in a report published on Saturday morning.

AVAV has been the subject of several other research reports. Zacks Investment Research downgraded AeroVironment from a strong-buy rating to a hold rating in a report on Friday, June 29th. Canaccord Genuity raised their price target on AeroVironment from $60.00 to $80.00 and gave the company a hold rating in a report on Thursday, September 6th. Robert W. Baird raised their price target on AeroVironment from $50.00 to $52.00 and gave the company a neutral rating in a report on Wednesday, June 6th. Piper Jaffray Companies reaffirmed a neutral rating and set a $77.00 price target on shares of AeroVironment in a report on Thursday, September 6th. Finally, Stifel Nicolaus downgraded AeroVironment from a buy rating to a hold rating and raised their price target for the company from $65.00 to $70.00 in a report on Thursday, June 28th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. AeroVironment has a consensus rating of Buy and a consensus price target of $83.20.

Shares of AeroVironment stock opened at $106.98 on Friday. AeroVironment has a 1 year low of $41.53 and a 1 year high of $121.32. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 99.06, a price-to-earnings-growth ratio of 4.89 and a beta of 1.19.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, September 5th. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.79. AeroVironment had a return on equity of 10.71% and a net margin of 15.56%. The business had revenue of $78.04 million during the quarter, compared to the consensus estimate of $73.65 million. During the same quarter last year, the firm posted ($0.19) EPS. The company’s quarterly revenue was up 127.1% on a year-over-year basis. equities research analysts expect that AeroVironment will post 1.1 earnings per share for the current fiscal year.

In other news, VP Kirk J. Flittie sold 3,659 shares of AeroVironment stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $72.76, for a total transaction of $266,228.84. Following the completion of the sale, the vice president now owns 9,083 shares of the company’s stock, valued at $660,879.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.70% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. acquired a new stake in shares of AeroVironment during the first quarter worth $100,000. Point72 Hong Kong Ltd acquired a new stake in shares of AeroVironment during the second quarter worth $111,000. Tower Research Capital LLC TRC acquired a new stake in shares of AeroVironment during the second quarter worth $158,000. SG Americas Securities LLC lifted its holdings in shares of AeroVironment by 72.4% during the first quarter. SG Americas Securities LLC now owns 3,717 shares of the aerospace company’s stock worth $169,000 after buying an additional 1,561 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of AeroVironment by 113.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,527 shares of the aerospace company’s stock worth $181,000 after buying an additional 1,342 shares in the last quarter. 82.17% of the stock is owned by institutional investors.

AeroVironment Company Profile

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