AeroVironment (NASDAQ:AVAV) Price Target Lowered to $400.00 at Royal Bank Of Canada

AeroVironment (NASDAQ:AVAV) had its target price lowered by investment analysts at Royal Bank Of Canada from $440.00 to $400.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 43.68% from the company’s current price.

Several other equities research analysts have also commented on AVAV. Bank of America assumed coverage on shares of AeroVironment in a research note on Thursday, September 18th. They set a “buy” rating and a $300.00 price objective on the stock. The Goldman Sachs Group lifted their target price on shares of AeroVironment from $300.00 to $333.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Robert W. Baird upped their price target on AeroVironment from $267.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Canaccord Genuity Group raised their price objective on AeroVironment from $305.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Finally, Jefferies Financial Group lifted their price objective on AeroVironment from $320.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $362.56.

AeroVironment Stock Down 3.2%

Shares of AVAV opened at $278.39 on Monday. The firm has a market cap of $13.90 billion, a P/E ratio of -434.98, a P/E/G ratio of 3.94 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. AeroVironment has a 1 year low of $102.25 and a 1 year high of $417.86. The stock has a 50 day simple moving average of $335.72 and a two-hundred day simple moving average of $272.56.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Monday, August 28th. The aerospace company reported $0.12 EPS for the quarter. The firm had revenue of $132.62 million for the quarter. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%. On average, analysts forecast that AeroVironment will post 3.38 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Trace E. Stevenson sold 1,717 shares of AeroVironment stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the transaction, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. This trade represents a 25.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 513 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $331.46, for a total value of $170,038.98. Following the transaction, the chief financial officer directly owned 18,811 shares in the company, valued at $6,235,094.06. The trade was a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,228 shares of company stock worth $1,223,157 over the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AVAV. Cetera Investment Advisers increased its holdings in shares of AeroVironment by 6.3% during the first quarter. Cetera Investment Advisers now owns 4,512 shares of the aerospace company’s stock valued at $538,000 after acquiring an additional 266 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in AeroVironment during the 1st quarter valued at about $326,000. Charles Schwab Investment Management Inc. increased its holdings in shares of AeroVironment by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 265,102 shares of the aerospace company’s stock valued at $31,598,000 after purchasing an additional 1,029 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of AeroVironment in the 1st quarter valued at $90,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in AeroVironment by 4.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,438 shares of the aerospace company’s stock worth $1,125,000 after buying an additional 375 shares during the period. Institutional investors own 86.38% of the company’s stock.

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.