AeroVironment (NASDAQ:AVAV) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of AeroVironment (NASDAQ:AVAV - Free Report) in a research note released on Tuesday morning, MarketBeat reports. The firm issued an overweight rating and a $335.00 target price on the aerospace company's stock. Cantor Fitzgerald also issued estimates for AeroVironment's FY2026 earnings at $3.02 EPS.

AVAV has been the topic of several other reports. William Blair began coverage on shares of AeroVironment in a report on Sunday, June 29th. They issued an "outperform" rating on the stock. Raymond James Financial set a $225.00 target price on shares of AeroVironment and gave the stock a "strong-buy" rating in a research note on Wednesday, June 25th. Robert W. Baird boosted their target price on shares of AeroVironment from $146.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Oppenheimer reissued an "outperform" rating on shares of AeroVironment in a research report on Sunday, June 29th. Finally, KeyCorp initiated coverage on shares of AeroVironment in a research note on Sunday, June 29th. They set an "overweight" rating for the company. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $265.22.

AeroVironment Stock Performance

Shares of NASDAQ:AVAV traded up $0.80 during midday trading on Tuesday, hitting $237.57. The company had a trading volume of 1,804,647 shares, compared to its average volume of 564,877. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.69. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 153.27 and a beta of 0.96. AeroVironment has a 12-month low of $102.25 and a 12-month high of $295.90. The company has a fifty day moving average of $193.09 and a two-hundred day moving average of $165.04.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The aerospace company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.20. AeroVironment had a net margin of 5.32% and a return on equity of 10.68%. The firm had revenue of $275.05 million during the quarter, compared to the consensus estimate of $242.69 million. During the same quarter last year, the firm earned $0.43 EPS. The firm's revenue for the quarter was up 39.6% compared to the same quarter last year. On average, equities research analysts expect that AeroVironment will post 3.38 EPS for the current fiscal year.

Institutional Trading of AeroVironment

A number of institutional investors and hedge funds have recently modified their holdings of AVAV. Bank of America Corp DE boosted its holdings in AeroVironment by 17.0% in the 4th quarter. Bank of America Corp DE now owns 45,272 shares of the aerospace company's stock valued at $6,967,000 after purchasing an additional 6,589 shares during the period. Penserra Capital Management LLC boosted its holdings in AeroVironment by 35.4% in the 1st quarter. Penserra Capital Management LLC now owns 17,873 shares of the aerospace company's stock valued at $2,130,000 after purchasing an additional 4,669 shares during the period. Cibc World Markets Corp bought a new stake in AeroVironment in the 4th quarter valued at $404,000. JPMorgan Chase & Co. raised its stake in shares of AeroVironment by 415.7% in the 4th quarter. JPMorgan Chase & Co. now owns 198,975 shares of the aerospace company's stock valued at $30,620,000 after buying an additional 160,390 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of AeroVironment in the 4th quarter valued at $37,502,000. 86.38% of the stock is currently owned by institutional investors and hedge funds.

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.