AeroVironment (NASDAQ:AVAV - Get Free Report) had its price objective boosted by analysts at Jefferies Financial Group from $275.00 to $285.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Jefferies Financial Group's price objective would suggest a potential upside of 15.88% from the company's current price.
Other equities analysts also recently issued research reports about the stock. Robert W. Baird raised their target price on shares of AeroVironment from $146.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. BTIG Research upped their price target on AeroVironment from $225.00 to $300.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. The Goldman Sachs Group initiated coverage on AeroVironment in a research report on Monday, June 30th. They set a "buy" rating and a $301.00 price objective for the company. Raymond James Financial set a $225.00 target price on AeroVironment and gave the stock a "strong-buy" rating in a report on Wednesday, June 25th. Finally, Wedbush raised AeroVironment to an "outperform" rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $256.50.
View Our Latest Analysis on AeroVironment
AeroVironment Stock Down 0.1%
Shares of NASDAQ AVAV traded down $0.31 during mid-day trading on Wednesday, hitting $245.95. 2,587,653 shares of the stock traded hands, compared to its average volume of 538,539. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 158.68 and a beta of 0.96. The stock has a fifty day moving average price of $187.89 and a 200-day moving average price of $163.44. AeroVironment has a 52 week low of $102.25 and a 52 week 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.
AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its 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. The firm had revenue of $275.05 million for the quarter, compared to analysts' expectations of $242.69 million. AeroVironment had a net margin of 5.32% and a return on equity of 10.68%. The company's quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. Research analysts anticipate that AeroVironment will post 3.38 EPS for the current year.
Hedge Funds Weigh In On AeroVironment
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Redwood Investments LLC increased its position in AeroVironment by 0.7% during the fourth quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock valued at $1,427,000 after acquiring an additional 66 shares during the last quarter. Arizona State Retirement System grew its position in AeroVironment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock valued at $1,257,000 after buying an additional 68 shares during the period. Portside Wealth Group LLC increased its holdings in AeroVironment by 4.3% during the first quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company's stock valued at $208,000 after buying an additional 71 shares during the last quarter. Mackenzie Financial Corp raised its position in AeroVironment by 5.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock worth $246,000 after acquiring an additional 83 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of AeroVironment by 2.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company's stock worth $381,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 86.38% of the company's stock.
AeroVironment Company Profile
(
Get Free Report)
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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