AeroVironment (AVAV) Receiving Somewhat Positive Press Coverage, Report Shows
News headlines about AeroVironment (NASDAQ:AVAV) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AeroVironment earned a news impact score of 0.18 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 46.1238710901159 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- AeroVironment (AVAV) Rating Increased to B at TheStreet (americanbankingnews.com)
- Analyzing AeroVironment (AVAV) & Exelis (XLS) (americanbankingnews.com)
- Technicals on Watch For Aerovironment Inc (AVAV) – Collins Courier (collinscourier.com)
- Drone Maker AeroVironment: Cramer’s Top Takeaways – TheStreet.com (thestreet.com)
- Top drone maker will sell $16,500 drone for farmers on Am… (finance.yahoo.com)
A number of brokerages have issued reports on AVAV. Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a report on Friday, December 8th. Canaccord Genuity upped their target price on AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, October 4th. TheStreet raised AeroVironment from a “c+” rating to a “b” rating in a report on Friday, December 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 target price on shares of AeroVironment in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $36.00 target price on shares of AeroVironment in a report on Thursday, August 31st. Seven equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $44.40.
AeroVironment (AVAV) opened at $55.75 on Monday. AeroVironment has a fifty-two week low of $24.70 and a fifty-two week high of $58.23. The stock has a market capitalization of $1,330.75, a PE ratio of 42.56, a price-to-earnings-growth ratio of 5.81 and a beta of 1.16.
AeroVironment (NASDAQ:AVAV) last issued its earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $63.53 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. The business’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities research analysts predict that AeroVironment will post 0.64 earnings per share for the current year.
In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $54.00, for a total value of $410,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total value of $167,732.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at approximately $2,566,211.32. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock worth $1,806,496 in the last quarter. Corporate insiders own 11.00% of the company’s stock.
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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