AeroVironment (NASDAQ:AVAV) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of AeroVironment (NASDAQ:AVAV - Free Report) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $335.00 target price on the aerospace company's stock.

A number of other research firms have also commented on AVAV. KeyCorp began coverage on shares of AeroVironment in a research report on Sunday, June 29th. They issued an "overweight" rating on the stock. Wall Street Zen raised shares of AeroVironment from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Wedbush raised shares of AeroVironment to an "outperform" rating in a research note on Wednesday, June 25th. Royal Bank Of Canada upped their price target on shares of AeroVironment from $200.00 to $275.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Finally, Oppenheimer reiterated an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $265.22.

AeroVironment Stock Performance

NASDAQ AVAV traded down $0.30 during midday trading on Tuesday, hitting $236.77. The company had a trading volume of 1,933,861 shares, compared to its average volume of 559,783. 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 market cap of $11.68 billion, a price-to-earnings ratio of 152.76 and a beta of 0.96. The firm has a fifty day simple moving average of $193.09 and a two-hundred day simple moving average of $165.04. AeroVironment has a fifty-two week low of $102.25 and a fifty-two week high of $295.90.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its earnings results on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the business earned $0.43 EPS. The firm's revenue was up 39.6% on a year-over-year basis. Equities analysts forecast that AeroVironment will post 3.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AeroVironment

A number of hedge funds have recently bought and sold shares of AVAV. Jones Financial Companies Lllp increased its position in AeroVironment by 18.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,093 shares of the aerospace company's stock worth $168,000 after acquiring an additional 173 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of AeroVironment by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 264,073 shares of the aerospace company's stock valued at $40,638,000 after purchasing an additional 7,385 shares during the last quarter. Keybank National Association OH grew its holdings in shares of AeroVironment by 86.2% during the 4th quarter. Keybank National Association OH now owns 2,594 shares of the aerospace company's stock valued at $399,000 after purchasing an additional 1,201 shares during the last quarter. Atria Investments Inc grew its holdings in AeroVironment by 7.0% during the 4th quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company's stock worth $254,000 after acquiring an additional 108 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in AeroVironment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock worth $1,257,000 after acquiring an additional 68 shares during the last quarter. 86.38% of the stock is 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.