Jefferies Group LLC set a $27.00 target price on AeroVironment, Inc. (NASDAQ:AVAV) in a research report released on Thursday. The firm currently has a hold rating on the stock.

Separately, Zacks Investment Research upgraded shares of AeroVironment from a sell rating to a hold rating in a research note on Tuesday, January 3rd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $28.60.

Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

AeroVironment (NASDAQ:AVAV) opened at 28.84 on Thursday. AeroVironment has a one year low of $22.16 and a one year high of $32.44. The firm has a 50-day moving average of $26.83 and a 200-day moving average of $25.91. The firm’s market cap is $665.68 million.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, March 7th. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.25. The firm had revenue of $53.20 million for the quarter, compared to analyst estimates of $50.66 million. AeroVironment had a negative net margin of 1.80% and a negative return on equity of 1.21%. The company’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Analysts anticipate that AeroVironment will post $0.21 EPS for the current year.

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In other news, Chairman Timothy E. Conver sold 8,500 shares of the stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $27.33, for a total transaction of $232,305.00. Following the transaction, the chairman now owns 51,803 shares in the company, valued at approximately $1,415,775.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 12.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its position in shares of AeroVironment by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,550 shares of the company’s stock valued at $111,000 after buying an additional 70 shares during the period. Canal Insurance CO acquired a new position in shares of AeroVironment during the third quarter valued at approximately $732,000. BlackRock Fund Advisors raised its position in shares of AeroVironment by 10.9% in the third quarter. BlackRock Fund Advisors now owns 1,772,339 shares of the company’s stock valued at $43,263,000 after buying an additional 174,814 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of AeroVironment during the third quarter valued at approximately $641,000. Finally, Penserra Capital Management LLC raised its position in shares of AeroVironment by 148.7% in the third quarter. Penserra Capital Management LLC now owns 23,031 shares of the company’s stock valued at $562,000 after buying an additional 13,772 shares during the period. Institutional investors own 72.97% of the company’s stock.

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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