AeroVironment, Inc. (NASDAQ:AVAV) Given Average Rating of "Buy" by Analysts

Shares of AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) have received a consensus recommendation of "Buy" from the fifteen research firms that are covering the company, MarketBeat reports. Thirteen research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $265.22.

Several research analysts have commented on the company. William Blair assumed coverage on AeroVironment in a research report on Sunday, June 29th. They issued an "outperform" rating on the stock. Raymond James Financial set a $225.00 price objective on AeroVironment and gave the company a "strong-buy" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada boosted their price objective on AeroVironment from $200.00 to $275.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Oppenheimer restated an "outperform" rating on shares of AeroVironment in a research report on Sunday, June 29th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of AeroVironment in a research report on Thursday, June 26th.

AeroVironment Stock Up 11.0%

AVAV opened at $263.80 on Friday. The business has a 50 day moving average price of $196.84 and a 200 day moving average price of $166.28. AeroVironment has a twelve month low of $102.25 and a twelve month high of $295.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 3.52. The firm has a market cap of $13.02 billion, a P/E ratio of 170.19 and a beta of 0.96.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The aerospace company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.41 by $0.20. The company had revenue of $275.05 million for the quarter, compared to the consensus estimate of $242.69 million. AeroVironment had a return on equity of 10.68% and a net margin of 5.32%. The company's revenue for the quarter was up 39.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. Research analysts forecast that AeroVironment will post 3.38 EPS for the current year.

Institutional Trading of AeroVironment

A number of large investors have recently bought and sold shares of AVAV. CoreCap Advisors LLC boosted its stake in AeroVironment by 120.2% in the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after purchasing an additional 101 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in AeroVironment by 171.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Colonial Trust Advisors acquired a new position in AeroVironment in the fourth quarter worth $31,000. Accredited Wealth Management LLC acquired a new position in AeroVironment in the fourth quarter worth $31,000. Finally, Spirit of America Management Corp NY acquired a new position in AeroVironment in the first quarter worth $36,000. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.