AeroVironment (NASDAQ: AVAV) has recently received a number of price target changes and ratings updates:

  • 9/1/2016 – AeroVironment had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.
  • 8/31/2016 – AeroVironment had its “hold” rating reaffirmed by analysts at Raymond James Financial Inc..
  • 8/31/2016 – AeroVironment had its price target lowered by analysts at Piper Jaffray Cos. from $37.00 to $31.00. They now have an “overweight” rating on the stock.
  • 8/31/2016 – AeroVironment was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Building on a history of technological innovation, AEROVIRONMENT INC., designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems and efficient electric energy systems. The company’s small UAS are used extensively by agencies of the U.S. Department of Defense and increasingly by allied military services to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition. AV’s PosiCharge fast charge systems eliminate battery changing for electric industrial vehicles in factories, airports, and distribution centers. “
  • 8/30/2016 – AeroVironment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Building on a history of technological innovation, AEROVIRONMENT INC., designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems and efficient electric energy systems. The company’s small UAS are used extensively by agencies of the U.S. Department of Defense and increasingly by allied military services to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition. AV’s PosiCharge fast charge systems eliminate battery changing for electric industrial vehicles in factories, airports, and distribution centers. “
  • 8/12/2016 – AeroVironment had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $27.00 price target on the stock.
  • 8/11/2016 – AeroVironment was given a new $28.00 price target on by analysts at Canaccord Genuity. They now have a “hold” rating on the stock.
  • 7/29/2016 – AeroVironment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Building on a history of technological innovation, AEROVIRONMENT INC., designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems and efficient electric energy systems. The company’s small UAS are used extensively by agencies of the U.S. Department of Defense and increasingly by allied military services to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition. AV’s PosiCharge fast charge systems eliminate battery changing for electric industrial vehicles in factories, airports, and distribution centers. “

Shares of AeroVironment Inc. (NASDAQ:AVAV) traded up 5.24% during midday trading on Wednesday, hitting $24.91. The stock had a trading volume of 151,658 shares. AeroVironment Inc. has a 52 week low of $19.19 and a 52 week high of $32.44. The firm has a market cap of $571.83 million, a P/E ratio of 136.87 and a beta of 1.23. The company’s 50 day moving average is $26.95 and its 200 day moving average is $28.06.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, August 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.34. AeroVironment had a return on equity of 1.22% and a net margin of 1.70%. The company had revenue of $36.20 million for the quarter, compared to the consensus estimate of $37.81 million. During the same quarter last year, the business earned ($0.24) earnings per share. AeroVironment’s revenue was down 23.1% compared to the same quarter last year. On average, equities analysts predict that AeroVironment Inc. will post $0.20 earnings per share for the current fiscal year.

In related news, Chairman Timothy E. Conver sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $27.06, for a total transaction of $108,240.00. Following the completion of the sale, the chairman now owns 51,803 shares of the company’s stock, valued at $1,401,789.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Wahid Nawabi sold 2,634 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $27.49, for a total value of $72,408.66. Following the sale, the chief executive officer now directly owns 36,760 shares of the company’s stock, valued at approximately $1,010,532.40. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

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.

5 Day Chart for NASDAQ:AVAV

Receive News & Ratings for AeroVironment Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment Inc and related companies with MarketBeat.com's FREE daily email newsletter.