AeroVironment (NASDAQ:AVAV - Get Free Report) had its price target boosted by research analysts at Royal Bank Of Canada from $300.00 to $330.00 in a note issued to investors on Thursday,MarketScreener reports. The firm presently has an "outperform" rating on the aerospace company's stock. Royal Bank Of Canada's price target would indicate a potential upside of 9.45% from the company's previous close.
Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of AeroVironment in a research report on Monday, June 30th. They issued a "buy" rating and a $301.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of AeroVironment in a report on Tuesday, June 24th. They set a "buy" rating and a $240.00 price objective for the company. Cantor Fitzgerald began coverage on shares of AeroVironment in a research note on Tuesday, July 8th. They set an "overweight" rating and a $335.00 price target for the company. Canaccord Genuity Group started coverage on AeroVironment in a report on Monday, August 11th. They set a "buy" rating and a $305.00 price objective on the stock. Finally, Zacks Research cut AeroVironment from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $295.23.
Check Out Our Latest Stock Report on AeroVironment
AeroVironment Price Performance
NASDAQ:AVAV opened at $301.52 on Thursday. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. AeroVironment has a 52 week low of $102.25 and a 52 week high of $307.11. The business's 50-day simple moving average is $256.27 and its two-hundred day simple moving average is $200.51. The stock has a market cap of $15.05 billion, a PE ratio of -471.12, a P/E/G ratio of 5.07 and a beta of 1.02.
AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%.The business had revenue of $454.68 million during the quarter, compared to the consensus estimate of $446.16 million. During the same quarter in the previous year, the company earned $0.89 earnings per share. The company's revenue for the quarter was up 140.0% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. As a group, analysts forecast that AeroVironment will post 3.38 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Wahid Nawabi sold 17,300 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total value of $4,550,765.00. Following the completion of the transaction, the chief executive officer owned 122,233 shares of the company's stock, valued at $32,153,390.65. The trade was a 12.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.81% of the company's stock.
Hedge Funds Weigh In On AeroVironment
Institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of AeroVironment by 21.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 237 shares of the aerospace company's stock valued at $68,000 after purchasing an additional 42 shares during the last quarter. Bessemer Group Inc. lifted its stake in AeroVironment by 60.3% during the second quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company's stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of AeroVironment by 0.6% in the 2nd quarter. Amalgamated Bank now owns 8,023 shares of the aerospace company's stock valued at $2,286,000 after purchasing an additional 44 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in AeroVironment by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,885 shares of the aerospace company's stock worth $822,000 after buying an additional 48 shares during the last quarter. Finally, Portside Wealth Group LLC increased its position in AeroVironment by 4.3% during the first quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company's stock worth $208,000 after buying an additional 71 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.
About AeroVironment
(
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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