AeroVironment, Inc. (AVAV) Receives Average Rating of “Hold” from Analysts
AeroVironment, Inc. (NASDAQ:AVAV) has earned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $42.40.
AVAV has been the topic of several recent research reports. TheStreet raised AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. Zacks Investment Research upgraded AeroVironment from a “sell” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Thursday, February 8th. ValuEngine downgraded AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a report on Tuesday, October 24th. Finally, Canaccord Genuity restated a “hold” rating and set a $50.00 price objective on shares of AeroVironment in a report on Thursday, December 14th.
In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $55.27, for a total transaction of $420,052.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,213,287.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $56.90, for a total value of $216,220.00. Following the sale, the chairman now owns 58,138 shares in the company, valued at $3,308,052.20. The disclosure for this sale can be found here. Insiders have sold a total of 49,400 shares of company stock worth $2,578,300 over the last 90 days. 11.00% of the stock is owned by company insiders.
AeroVironment (NASDAQ AVAV) opened at $49.25 on Tuesday. The company has a market capitalization of $1,145.29, a P/E ratio of 37.60, a P/E/G ratio of 4.55 and a beta of 1.06. AeroVironment has a 52-week low of $25.66 and a 52-week high of $58.99.
AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.30. The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. AeroVironment’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) EPS. research analysts anticipate that AeroVironment will post 0.7 EPS for the current year.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/aerovironment-inc-avav-receives-average-rating-of-hold-from-analysts/1863345.html.
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.
Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.