ValuEngine Upgrades AeroVironment (AVAV) to Buy

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ValuEngine upgraded shares of AeroVironment (NASDAQ:AVAV) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Several other research analysts have also issued reports on AVAV. BidaskClub lowered shares of AeroVironment from a buy rating to a hold rating in a research report on Tuesday, December 4th. Zacks Investment Research lowered shares of AeroVironment from a strong-buy rating to a hold rating in a research report on Tuesday, November 6th. Drexel Hamilton reiterated a hold rating on shares of AeroVironment in a research report on Friday, November 30th. Robert W. Baird upped their target price on shares of AeroVironment from $52.00 to $74.00 and gave the stock a neutral rating in a research report on Tuesday, August 28th. Finally, Piper Jaffray Companies reissued a neutral rating and issued a $77.00 price target on shares of AeroVironment in a research note on Thursday, September 6th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $77.80.

Shares of NASDAQ:AVAV opened at $75.41 on Friday. AeroVironment has a 52-week low of $41.60 and a 52-week high of $121.32. The firm has a market capitalization of $1.80 billion, a P/E ratio of 69.82, a P/E/G ratio of 2.35 and a beta of 1.24.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Thursday, November 29th. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.13. AeroVironment had a net margin of 15.31% and a return on equity of 10.37%. The company had revenue of $72.98 million during the quarter, compared to analyst estimates of $74.54 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts predict that AeroVironment will post 1.28 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. IMS Capital Management bought a new stake in AeroVironment in the third quarter worth $25,000. Steward Partners Investment Advisory LLC bought a new stake in AeroVironment in the third quarter worth $170,000. Point72 Hong Kong Ltd bought a new stake in AeroVironment in the second quarter worth $111,000. Hsbc Holdings PLC bought a new stake in AeroVironment in the third quarter worth $213,000. Finally, Klingenstein Fields & Co. LLC bought a new stake in AeroVironment in the third quarter worth $224,000. 83.79% of the stock is owned by institutional investors and hedge funds.

AeroVironment Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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