News articles about AeroVironment (NASDAQ:AVAV) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AeroVironment earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 45.9710050520689 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- AeroVironment gets USD 44.5m Puma AE UAS contract (financial-news.co.uk)
- Done Maker AeroVironment Nearing Major Support Buy Target (investing.com)
- The More you take Risk the more you earn: AeroVironment, Inc. (AVAV) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- AeroVironment -9% after surprise FQ3 loss, below consensus guidance – Seeking Alpha (seekingalpha.com)
- Send In The Drones – Seeking Alpha (seekingalpha.com)
AeroVironment (AVAV) traded up $0.37 during trading on Wednesday, hitting $48.02. 148,353 shares of the stock traded hands, compared to its average volume of 342,324. The firm has a market cap of $1,155.85, a price-to-earnings ratio of 35.21, a PEG ratio of 4.60 and a beta of 1.06. AeroVironment has a one year low of $26.42 and a one year high of $58.99.
Several brokerages have issued reports on AVAV. BidaskClub upgraded shares of AeroVironment from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of AeroVironment from a “sell” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Thursday, February 8th. TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. ValuEngine lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $50.00 price target on shares of AeroVironment in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.40.
In related news, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $56.90, for a total transaction of $216,220.00. Following the completion of the sale, the chairman now owns 58,138 shares of the company’s stock, valued at approximately $3,308,052.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $57.10, for a total transaction of $433,960.00. Following the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $3,319,679.80. The disclosure for this sale can be found here. Insiders have sold a total of 49,400 shares of company stock worth $2,622,988 over the last 90 days. 11.00% of the stock is owned by company insiders.
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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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