AeroVironment (NASDAQ:AVAV) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of AeroVironment (NASDAQ:AVAV - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The firm issued an overweight rating and a $335.00 price target 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 a number of other reports. Robert W. Baird raised their price objective on shares of AeroVironment from $146.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Oppenheimer restated an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. Wall Street Zen upgraded shares of AeroVironment from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Raymond James Financial set a $225.00 price target on shares of AeroVironment and gave the company a "strong-buy" rating in a research note on Wednesday, June 25th. Finally, Wedbush upgraded shares of AeroVironment to an "outperform" rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $265.22.

AeroVironment Stock Up 9.5%

Shares of NASDAQ:AVAV traded up $22.69 during midday trading on Tuesday, reaching $260.26. 2,316,129 shares of the company were exchanged, compared to its average volume of 574,155. AeroVironment has a fifty-two week low of $102.25 and a fifty-two week high of $295.90. The company has a quick ratio of 2.69, a current ratio of 3.52 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $194.74 and a two-hundred day simple moving average of $165.57. The firm has a market cap of $12.84 billion, a PE ratio of 167.71 and a beta of 0.96.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The aerospace company reported $1.61 EPS for the quarter, topping 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 business had revenue of $275.05 million for the quarter, compared to analyst estimates of $242.69 million. During the same period last year, the business posted $0.43 earnings per share. The firm's quarterly revenue was up 39.6% on a year-over-year basis. As a group, sell-side analysts forecast that AeroVironment will post 3.38 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of 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 acquiring an additional 6,589 shares during the period. Penserra Capital Management LLC grew its position in shares of 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 acquiring an additional 4,669 shares during the period. Cibc World Markets Corp bought a new position in shares of AeroVironment in the 4th quarter valued at about $404,000. JPMorgan Chase & Co. grew its position 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 acquiring an additional 160,390 shares during the period. Finally, Norges Bank bought a new position in shares of AeroVironment in the 4th quarter valued at about $37,502,000. Institutional investors own 86.38% of the company's stock.

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.