Analysts Set AeroVironment, Inc. (NASDAQ:AVAV) Price Target at $208.50

AeroVironment, Inc. (NASDAQ:AVAV) has received a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $208.50.

A number of research firms recently weighed in on AVAV. Wall Street Zen raised shares of AeroVironment from a “sell” rating to a “hold” rating in a research note on Sunday. Raymond James Financial raised shares of AeroVironment from a “market perform” rating to a “strong-buy” rating and set a $200.00 price target for the company in a research report on Tuesday, April 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $190.00 price target on shares of AeroVironment in a research report on Monday, May 12th. Robert W. Baird upped their price target on shares of AeroVironment from $146.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th.

Insider Transactions at AeroVironment

In related news, CEO Wahid Nawabi sold 29,366 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the completion of the transaction, the chief executive officer now owns 115,174 shares in the company, valued at $14,765,306.80. The trade was a 20.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.27% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Voya Investment Management LLC raised its stake in shares of AeroVironment by 23.4% during the 1st quarter. Voya Investment Management LLC now owns 173,519 shares of the aerospace company’s stock worth $20,682,000 after acquiring an additional 32,921 shares in the last quarter. Rhumbline Advisers increased its stake in AeroVironment by 0.3% during the 1st quarter. Rhumbline Advisers now owns 62,969 shares of the aerospace company’s stock valued at $7,505,000 after purchasing an additional 205 shares in the last quarter. Strs Ohio acquired a new position in AeroVironment during the 1st quarter valued at approximately $191,000. Belpointe Asset Management LLC acquired a new position in AeroVironment during the 1st quarter valued at approximately $508,000. Finally, Fortis Capital Advisors LLC acquired a new position in AeroVironment during the 1st quarter valued at approximately $508,000. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Down 0.2%

Shares of AVAV opened at $189.65 on Tuesday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 160.72 and a beta of 0.81. AeroVironment has a 12-month low of $102.25 and a 12-month high of $236.60. The company has a current ratio of 4.22, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $168.20 and a 200-day moving average price of $157.60.

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.