AeroVironment - AVAV Stock Forecast, Price & News

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 four segments: Unmanned Aircraft Systems (UAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS). The company supplies UAS, TMS, unmanned ground vehicle, and related services primarily to organizations within the U.S. Department of Defense and to international allied governments. It also designs, engineers, tools, and manufactures unmanned aerial and aircraft systems, including airborne platforms, payloads and payload integration, ground control systems, and ground support equipment and other items and services related to unmanned aircraft systems. In addition, the company offers small UAS products, including spare equipment, alternative payload modules, batteries, chargers, repair services, and customer support, as well as multiple aircraft, hand-held ground control system, and spare parts and accessories. Further, it develops high-altitude pseudo-satellite UAS systems. The company was incorporated in 1971 and is headquartered in Arlington, Virginia.

AeroVironment Stock Up 5.0 %

AVAV Stock opened at $97.93 on Monday. The company has a market capitalization of $2.44 billion, a P/E ratio of -544.03 and a beta of 0.50. AeroVironment has a 12 month low of $52.03 and a 12 month high of $114.11. The firm's fifty day simple moving average is $84.89 and its 200-day simple moving average is $82.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 2.74.

AeroVironment (NASDAQ:AVAV - Get Rating) last posted its quarterly earnings results on Tuesday, June 28th. The aerospace company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.11). The business had revenue of $132.62 million during the quarter, compared to analysts' expectations of $134.16 million. AeroVironment had a negative net margin of 0.94% and a positive return on equity of 5.11%. AeroVironment's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 earnings per share. As a group, equities research analysts forecast that AeroVironment will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVAV. Canaccord Genuity Group raised their price objective on AeroVironment from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, June 29th. Alembic Global Advisors raised AeroVironment from a "neutral" rating to an "overweight" rating and set a $103.00 price target on the stock in a research report on Friday, July 1st. Robert W. Baird cut AeroVironment from an "outperform" rating to a "neutral" rating and set a $95.00 price objective for the company. in a research report on Friday, April 22nd. Royal Bank of Canada raised AeroVironment from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $95.00 to $100.00 in a research report on Wednesday, May 18th. Finally, Canaccord Genuity Group raised their price target on AeroVironment from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $91.00.

Insider Buying and Selling

In other AeroVironment news, Director Charles R. Holland sold 4,001 shares of the business's stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $84.20, for a total value of $336,884.20. Following the completion of the transaction, the director now directly owns 56,998 shares of the company's stock, valued at $4,799,231.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Charles R. Holland sold 3,001 shares of the stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $80.87, for a total transaction of $242,690.87. Following the sale, the director now directly owns 63,000 shares of the company's stock, valued at approximately $5,094,810. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles R. Holland sold 4,001 shares of AeroVironment stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $84.20, for a total value of $336,884.20. Following the completion of the transaction, the director now owns 56,998 shares of the company's stock, valued at approximately $4,799,231.60. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.