AeroVironment, Inc. (NASDAQ:AVAV) Given Average Rating of “Moderate Buy” by Brokerages

AeroVironment, Inc. (NASDAQ:AVAV) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $175.20.

Several analysts have issued reports on AVAV shares. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Tuesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of AeroVironment in a research note on Thursday, June 27th. Robert W. Baird reissued a “neutral” rating and issued a $161.00 price objective on shares of AeroVironment in a research note on Friday, March 8th. Finally, BTIG Research started coverage on shares of AeroVironment in a research note on Wednesday, June 26th. They issued a “buy” rating and a $255.00 price objective for the company.

AeroVironment Stock Down 3.6 %

AVAV opened at $175.67 on Tuesday. The firm has a 50-day simple moving average of $190.95 and a two-hundred day simple moving average of $154.90. AeroVironment has a 52 week low of $91.00 and a 52 week high of $224.00. The company has a market capitalization of $4.94 billion, a PE ratio of 79.13 and a beta of 0.51. The company has a quick ratio of 2.52, a current ratio of 3.56 and a debt-to-equity ratio of 0.02.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, June 26th. The aerospace company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.21. AeroVironment had a net margin of 8.32% and a return on equity of 10.89%. The firm had revenue of $197.00 million during the quarter, compared to the consensus estimate of $188.48 million. During the same quarter last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts forecast that AeroVironment will post 3.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AeroVironment

Institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC increased its holdings in AeroVironment by 1.7% during the fourth quarter. Corient Private Wealth LLC now owns 4,882 shares of the aerospace company’s stock valued at $615,000 after buying an additional 80 shares during the period. Avantax Advisory Services Inc. increased its holdings in AeroVironment by 2.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,813 shares of the aerospace company’s stock valued at $481,000 after buying an additional 95 shares during the period. Arcadia Investment Management Corp MI increased its holdings in AeroVironment by 44.1% during the fourth quarter. Arcadia Investment Management Corp MI now owns 327 shares of the aerospace company’s stock valued at $41,000 after buying an additional 100 shares during the period. New York State Teachers Retirement System increased its holdings in AeroVironment by 0.6% during the first quarter. New York State Teachers Retirement System now owns 17,667 shares of the aerospace company’s stock valued at $2,708,000 after buying an additional 100 shares during the period. Finally, North Star Investment Management Corp. increased its holdings in AeroVironment by 8.8% during the first quarter. North Star Investment Management Corp. now owns 1,268 shares of the aerospace company’s stock valued at $194,000 after buying an additional 103 shares during the period. 86.38% of the stock is owned by hedge funds and other 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.