Citizens Jmp Reiterates Market Outperform Rating for AeroVironment (NASDAQ:AVAV)

AeroVironment (NASDAQ:AVAVGet Free Report)‘s stock had its “market outperform” rating restated by Citizens Jmp in a research note issued on Tuesday,Benzinga reports. They currently have a $350.00 price target on the aerospace company’s stock. Citizens Jmp’s price objective points to a potential upside of 119.03% from the stock’s current price.

Other analysts also recently issued research reports about the company. Robert W. Baird cut their price objective on AeroVironment from $260.00 to $235.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. BTIG Research reiterated a “buy” rating and issued a $205.00 target price on shares of AeroVironment in a report on Tuesday. Clear Str upgraded shares of AeroVironment to a “strong-buy” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of AeroVironment from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Raymond James Financial upgraded shares of AeroVironment from an “underperform” rating to a “market perform” rating in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $293.94.

Get Our Latest Stock Analysis on AeroVironment

AeroVironment Price Performance

Shares of NASDAQ AVAV traded up $20.80 during mid-day trading on Tuesday, reaching $159.80. The company had a trading volume of 3,811,340 shares, compared to its average volume of 1,609,567. The company has a 50-day moving average price of $176.65 and a two-hundred day moving average price of $225.20. The stock has a market cap of $7.98 billion, a PE ratio of -37.54, a P/E/G ratio of 1.89 and a beta of 1.35. The company has a current ratio of 5.51, a quick ratio of 4.54 and a debt-to-equity ratio of 0.17. AeroVironment has a 1-year low of $135.20 and a 1-year high of $417.86.

AeroVironment (NASDAQ:AVAVGet Free Report) last announced its earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.47 by $0.37. AeroVironment had a positive return on equity of 3.28% and a negative net margin of 13.93%.The business had revenue of $641.62 million during the quarter, compared to the consensus estimate of $555.97 million. During the same period in the prior year, the business posted $1.61 earnings per share. AeroVironment’s revenue was up 133.3% compared to the same quarter last year. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, equities analysts anticipate that AeroVironment will post 2.94 earnings per share for the current year.

Insider Buying and Selling at AeroVironment

In other news, Director Stephen F. Page sold 250 shares of AeroVironment stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the sale, the director directly owned 49,001 shares in the company, valued at $8,546,264.41. The trade was a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 750 shares of company stock worth $133,502. 0.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On AeroVironment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVAV. Sunbelt Securities Inc. acquired a new stake in AeroVironment in the first quarter valued at approximately $25,000. Tema Etfs LLC bought a new stake in AeroVironment in the fourth quarter worth approximately $26,000. Hilton Head Capital Partners LLC acquired a new position in shares of AeroVironment during the 4th quarter worth $26,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of AeroVironment during the 1st quarter worth $28,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of AeroVironment during the 3rd quarter valued at $29,000. Institutional investors own 86.38% of the company’s stock.

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About AeroVironment

(Get Free Report)

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.

Further Reading

Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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