Brokerages Set AeroVironment, Inc. (NASDAQ:AVAV) PT at $208.20

AeroVironment, Inc. (NASDAQ:AVAV) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $208.20.

A number of research analysts have issued reports on the stock. Royal Bank of Canada cut their target price on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Raymond James lowered shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price for the company in a report on Wednesday, August 28th. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $161.00 to $220.00 in a research note on Wednesday, August 28th.

Insider Buying and Selling at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 513 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $174.70, for a total transaction of $89,621.10. Following the sale, the chief financial officer now directly owns 18,650 shares in the company, valued at $3,258,155. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 1,787 shares of company stock valued at $352,178. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AeroVironment

A number of large investors have recently bought and sold shares of the company. Security National Bank bought a new stake in shares of AeroVironment in the third quarter worth $31,000. NBC Securities Inc. acquired a new position in shares of AeroVironment during the 1st quarter worth about $26,000. Canada Pension Plan Investment Board bought a new position in shares of AeroVironment in the 2nd quarter valued at about $36,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of AeroVironment in the first quarter valued at about $38,000. Finally, Register Financial Advisors LLC bought a new stake in AeroVironment during the first quarter worth about $61,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Price Performance

AVAV opened at $215.17 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. The stock has a market capitalization of $6.05 billion, a P/E ratio of 96.92 and a beta of 0.50. The company’s 50 day simple moving average is $190.79 and its 200-day simple moving average is $182.25. AeroVironment has a one year low of $111.39 and a one year high of $224.00.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.61 by $0.28. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The company had revenue of $189.48 million during the quarter, compared to analysts’ expectations of $183.18 million. During the same period last year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. Sell-side analysts anticipate that AeroVironment will post 3.36 earnings per share for the current fiscal year.

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.