AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) shares saw unusually-strong trading volume on Thursday after Royal Bank Of Canada raised their price target on the stock from $200.00 to $275.00. Royal Bank Of Canada currently has an outperform rating on the stock. Approximately 636,211 shares were traded during mid-day trading, an increase of 20% from the previous session's volume of 530,023 shares.The stock last traded at $246.69 and had previously closed at $246.25.
Several other analysts have also issued reports on the stock. Jefferies Financial Group lifted their target price on shares of AeroVironment from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday. The Goldman Sachs Group started coverage on shares of AeroVironment in a research report on Monday, June 30th. They issued a "buy" rating and a $301.00 target price on the stock. Wedbush upgraded shares of AeroVironment to an "outperform" rating in a research report on Wednesday, June 25th. William Blair began coverage on shares of AeroVironment in a research note on Sunday, June 29th. They issued an "outperform" rating on the stock. Finally, Robert W. Baird raised their price target on shares of AeroVironment from $146.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $256.50.
Check Out Our Latest Stock Report on AeroVironment
Hedge Funds Weigh In On AeroVironment
Institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC raised its stake in AeroVironment by 120.2% during 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 during the period. Colonial Trust Advisors purchased a new position in AeroVironment during the fourth quarter worth about $31,000. Accredited Wealth Management LLC purchased a new position in AeroVironment during the fourth quarter worth about $31,000. MassMutual Private Wealth & Trust FSB raised its stake in AeroVironment by 171.1% during 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 during the period. Finally, Spirit of America Management Corp NY purchased a new position in AeroVironment during the first quarter worth about $36,000. 86.38% of the stock is owned by hedge funds and other institutional investors.
AeroVironment Stock Down 0.1%
The business's 50 day simple moving average is $187.89 and its 200 day simple moving average is $163.49. The company has a market capitalization of $11.24 billion, a PE ratio of 158.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.69.
AeroVironment (NASDAQ:AVAV - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.20. The business had revenue of $275.05 million for the quarter, compared to the consensus estimate of $242.69 million. AeroVironment had a net margin of 5.32% and a return on equity of 10.68%. The business's revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. As a group, analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.
About AeroVironment
(
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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.
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