AeroVironment, Inc. (NASDAQ:AVAV) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $75.25.

Several equities analysts recently weighed in on AVAV shares. BidaskClub upgraded AeroVironment from a “hold” rating to a “buy” rating in a research report on Thursday, November 8th. Canaccord Genuity lifted their target price on AeroVironment from $60.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research downgraded AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 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 lifted their target price on AeroVironment from $52.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, August 28th.

Several institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in shares of AeroVironment in the third quarter valued at about $513,000. MetLife Investment Advisors LLC lifted its position in shares of AeroVironment by 59.3% in the third quarter. MetLife Investment Advisors LLC now owns 14,286 shares of the aerospace company’s stock valued at $1,602,000 after acquiring an additional 5,319 shares in the last quarter. Man Group plc purchased a new position in shares of AeroVironment in the third quarter valued at about $347,000. Paloma Partners Management Co lifted its position in shares of AeroVironment by 372.0% in the third quarter. Paloma Partners Management Co now owns 15,600 shares of the aerospace company’s stock valued at $1,750,000 after acquiring an additional 12,295 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of AeroVironment by 21.4% in the third quarter. Jane Street Group LLC now owns 11,698 shares of the aerospace company’s stock valued at $1,312,000 after acquiring an additional 2,066 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Shares of AVAV traded down $3.58 during trading hours on Friday, hitting $96.45. The stock had a trading volume of 3,875 shares, compared to its average volume of 242,027. AeroVironment has a 12 month low of $41.60 and a 12 month high of $121.32. The firm has a market capitalization of $2.39 billion, a P/E ratio of 89.58, a PEG ratio of 4.57 and a beta of 1.31.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Wednesday, September 5th. The aerospace company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $78.04 million during the quarter, compared to analyst estimates of $73.65 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. AeroVironment’s revenue was up 127.1% compared to the same quarter last year. On average, research analysts anticipate that AeroVironment will post 1.1 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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