Somewhat Positive News Coverage Somewhat Unlikely to Impact AeroVironment (AVAV) Stock Price

News articles about AeroVironment (NASDAQ:AVAV) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AeroVironment earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 45.9710050520689 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Shares of NASDAQ:AVAV traded up $0.47 during trading on Thursday, reaching $45.51. 233,026 shares of the company’s stock traded hands, compared to its average volume of 348,232. AeroVironment has a fifty-two week low of $26.92 and a fifty-two week high of $58.99. The stock has a market capitalization of $1,074.10, a PE ratio of 33.46, a price-to-earnings-growth ratio of 3.21 and a beta of 1.06.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, March 6th. The aerospace company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. AeroVironment had a return on equity of 9.15% and a net margin of 10.50%. The firm had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $58.18 million. During the same period last year, the firm earned ($0.09) EPS. The company’s quarterly revenue was up 20.1% on a year-over-year basis. equities research analysts expect that AeroVironment will post 0.7 earnings per share for the current year.

Several equities research analysts have weighed in on the company. BidaskClub downgraded AeroVironment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a research report on Friday, December 8th. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price target on shares of AeroVironment in a research report on Thursday, December 14th. Finally, TheStreet upgraded AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. AeroVironment presently has an average rating of “Hold” and a consensus target price of $42.40.

In related news, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $45.78, for a total value of $347,928.00. Following the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,661,557.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $47.72, for a total transaction of $181,336.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares in the company, valued at $2,774,345.36. The disclosure for this sale can be found here. Insiders have sold a total of 41,800 shares of company stock worth $2,082,020 over the last 90 days. Insiders own 11.00% of the company’s stock.

WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Impact AeroVironment (AVAV) Stock Price” was first published by BBNS and is the property of of BBNS. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://baseballnewssource.com/2018/03/29/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-aerovironment-avav-share-price-2/1972364.html.

About AeroVironment

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.

Insider Buying and Selling by Quarter for AeroVironment (NASDAQ:AVAV)

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