AeroVironment (NASDAQ:AVAV) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity increased their target price on AeroVironment from $60.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th. Piper Jaffray Companies reiterated a “neutral” rating and set a $77.00 target price on shares of AeroVironment in a research report on Thursday, September 6th. Finally, Robert W. Baird increased their target price on AeroVironment from $52.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 28th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $83.20.

Shares of AVAV opened at $102.42 on Thursday. AeroVironment has a 52 week low of $41.53 and a 52 week high of $121.32. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 94.83, a P/E/G ratio of 4.71 and a beta of 1.31.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Wednesday, September 5th. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.79. AeroVironment had a return on equity of 10.71% and a net margin of 15.56%. The firm had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $73.65 million. During the same quarter last year, the business posted ($0.19) earnings per share. The firm’s revenue was up 127.1% on a year-over-year basis. As a group, sell-side analysts expect that AeroVironment will post 1.1 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Global X Management Co LLC grew its holdings in AeroVironment by 15.2% during the 2nd quarter. Global X Management Co LLC now owns 482,723 shares of the aerospace company’s stock valued at $34,481,000 after buying an additional 63,811 shares in the last quarter. KBC Group NV grew its holdings in AeroVironment by 3.6% during the 2nd quarter. KBC Group NV now owns 60,468 shares of the aerospace company’s stock valued at $4,319,000 after buying an additional 2,125 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in AeroVironment during the 2nd quarter valued at approximately $9,261,000. Laurion Capital Management LP purchased a new position in AeroVironment during the 2nd quarter valued at approximately $203,000. Finally, Royce & Associates LP grew its holdings in AeroVironment by 25.0% during the 2nd quarter. Royce & Associates LP now owns 22,500 shares of the aerospace company’s stock valued at $1,607,000 after buying an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About AeroVironment

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

Recommended Story: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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