AeroVironment Price Target Cut to $20.00 (AVAV)
AeroVironment (NASDAQ: AVAV) had its price target lowered by Jefferies Group from $25.00 to $20.00 in a research report released on Wednesday morning. Jefferies Group currently has a hold rating on the stock.
“AVAV reported EPS of $0.17 vs. $0.26 a year ago and our estimate of $0.42. Ex a favorable tax rate due to the R&D tax credit, the company lost $853,000, or roughly $0.04. The outlook is clouded by government order delays. With one quarter remaining in its fiscal year, the company lowered revenue guidance by $119MM at the midpoint to $230MM to $250MM.,” Jefferies Group’s analyst commented.
Jefferies Group has also modified their ratings on a number of other industrial goods stocks in the few days. The firm raised its price target on shares of Honeywell International from $77.00 to $82.00. Also, Jefferies Group reiterated its hold rating on shares of Lockheed Martin Co.. They have a $95.00 price target on that stock.
A number of other analysts have also recently weighed in on AVAV. Analysts at Benchmark Co. cut their price target on shares of AeroVironment from $38.00 to $24.00 in a research note to investors on Wednesday. They now have a buy rating on the stock. Separately, analysts at BB&T Capital Mkts downgraded shares of AeroVironment from a buy rating to a hold rating in a research note to investors on Wednesday. Finally, analysts at BB&T downgraded shares of AeroVironment from a buy rating to a hold rating in a research note to investors on Wednesday. They now have a $27.00 price target on the stock.
Two investment analysts have rated the stock with a buy rating, and eleven have issued a hold rating to the company’s stock. AeroVironment currently has an average rating of hold and an average target price of $22.11.
AeroVironment traded up 0.98% on Wednesday, hitting $19.0701. AeroVironment has a 1-year low of $16.98 and a 1-year high of $27.82. The stock’s 50-day moving average is currently $22.0. The company has a market cap of $420.1 million and a price-to-earnings ratio of 13.70.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.