AeroVironment, Inc. (NASDAQ:AVAV) Receives $140.20 Average Target Price from Analysts

AeroVironment, Inc. (NASDAQ:AVAVGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $140.20.

Several equities analysts recently weighed in on AVAV shares. William Blair reiterated an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. Robert W. Baird reissued a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a report on Friday, March 8th. Finally, Royal Bank of Canada boosted their target price on shares of AeroVironment from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, April 5th.

Check Out Our Latest Stock Report on AVAV

AeroVironment Stock Performance

Shares of AVAV opened at $215.51 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.16 and a current ratio of 4.66. The stock has a 50-day moving average of $177.74 and a two-hundred day moving average of $148.60. The stock has a market cap of $6.06 billion, a P/E ratio of -50.00 and a beta of 0.46. AeroVironment has a one year low of $89.14 and a one year high of $220.22.

Institutional Trading of AeroVironment

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of AeroVironment by 6.2% in the first quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company’s stock worth $474,376,000 after acquiring an additional 179,395 shares during the period. Lord Abbett & CO. LLC raised its holdings in AeroVironment by 106.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 556,853 shares of the aerospace company’s stock worth $62,106,000 after purchasing an additional 287,730 shares during the period. FMR LLC raised its holdings in AeroVironment by 0.6% in the 3rd quarter. FMR LLC now owns 492,766 shares of the aerospace company’s stock worth $54,958,000 after purchasing an additional 3,122 shares during the period. Congress Asset Management Co. MA grew its holdings in AeroVironment by 8.8% in the first quarter. Congress Asset Management Co. MA now owns 350,733 shares of the aerospace company’s stock valued at $53,760,000 after purchasing an additional 28,288 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of AeroVironment by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 288,155 shares of the aerospace company’s stock valued at $36,319,000 after buying an additional 4,728 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

About AeroVironment

(Get Free Report

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.

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Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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