AeroVironment, Inc. (NASDAQ:AVAV) Receives Average Rating of “Buy” from Brokerages

Shares of AeroVironment, Inc. (NASDAQ:AVAV) have been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $202.40.

AVAV has been the topic of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird reduced their target price on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their target price on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th.

AeroVironment Trading Up 4.4 %

Shares of NASDAQ:AVAV opened at $129.45 on Friday. The company has a market cap of $3.65 billion, a P/E ratio of 74.40 and a beta of 0.42. The stock’s 50-day moving average is $160.21 and its 200-day moving average is $181.23. AeroVironment has a 52-week low of $110.07 and a 52-week high of $236.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its stake in AeroVironment by 299.4% during the third quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company’s stock worth $1,037,000 after purchasing an additional 3,614 shares during the period. Congress Asset Management Co. boosted its holdings in shares of AeroVironment by 10.9% in the 4th quarter. Congress Asset Management Co. now owns 333,193 shares of the aerospace company’s stock worth $51,275,000 after acquiring an additional 32,663 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of AeroVironment by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 136,652 shares of the aerospace company’s stock worth $21,029,000 after acquiring an additional 4,107 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of AeroVironment by 63.0% in the 4th quarter. Fisher Asset Management LLC now owns 217,806 shares of the aerospace company’s stock worth $33,518,000 after acquiring an additional 84,170 shares in the last quarter. Finally, Truist Financial Corp acquired a new position in shares of AeroVironment in the 4th quarter worth approximately $776,000. Institutional investors own 86.38% of the company’s stock.

AeroVironment Company Profile

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.