AeroVironment (AVAV) Getting Somewhat Critical News Coverage, Study Finds
Headlines about AeroVironment (NASDAQ:AVAV) have trended somewhat negative on Tuesday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AeroVironment earned a daily sentiment score of -0.04 on Accern’s scale. Accern also gave media coverage about the aerospace company an impact score of 45.7296512405798 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
AeroVironment (AVAV) opened at 52.29 on Tuesday. AeroVironment has a 52 week low of $22.65 and a 52 week high of $55.75. The company has a market capitalization of $1.22 billion, a P/E ratio of 61.59 and a beta of 1.29. The firm has a 50 day moving average of $51.95 and a 200-day moving average of $38.64.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.15. AeroVironment had a net margin of 7.22% and a return on equity of 5.40%. The company had revenue of $43.80 million for the quarter, compared to the consensus estimate of $42.44 million. During the same period last year, the company posted ($0.51) EPS. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, analysts forecast that AeroVironment will post $0.61 earnings per share for the current year.
AVAV has been the subject of a number of research analyst reports. TheStreet raised shares of AeroVironment from a “c-” rating to a “b” rating in a research note on Tuesday, June 27th. BidaskClub downgraded shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Canaccord Genuity boosted their target price on shares of AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, August 30th. Jefferies Group LLC boosted their target price on shares of AeroVironment from $29.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, August 30th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 target price on shares of AeroVironment in a research note on Monday, August 28th. Six analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $39.00.
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In other news, Chairman Timothy E. Conver sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $53.91, for a total value of $107,820.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,134,219.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $39.04, for a total transaction of $296,704.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at $2,269,707.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,600 shares of company stock worth $2,260,596. 11.00% of the stock is currently owned by corporate insiders.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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