AeroVironment (NASDAQ:AVAV) Price Target Cut to $190.00 by Analysts at Jefferies Financial Group

AeroVironment (NASDAQ:AVAV) had its target price trimmed by Jefferies Financial Group from $230.00 to $190.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

Several other research analysts have also recently issued reports on AVAV. Robert W. Baird dropped their price target on AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AeroVironment currently has an average rating of “Buy” and an average price target of $202.40.

AeroVironment Stock Performance

AVAV opened at $135.69 on Wednesday. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 77.98 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment has a 1-year low of $110.07 and a 1-year high of $236.60. The business has a 50 day moving average price of $164.89 and a two-hundred day moving average price of $184.37.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). The firm had revenue of $188.46 million during the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.97 earnings per share. Research analysts predict that AeroVironment will post 3.38 EPS for the current fiscal year.

Institutional Trading of AeroVironment

Large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in AeroVironment by 299.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company’s stock valued at $1,037,000 after purchasing an additional 3,614 shares during the period. Congress Asset Management Co. raised its stake in AeroVironment by 10.9% during the 4th quarter. Congress Asset Management Co. now owns 333,193 shares of the aerospace company’s stock valued at $51,275,000 after purchasing an additional 32,663 shares during the period. Principal Financial Group Inc. raised its stake in AeroVironment by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 136,652 shares of the aerospace company’s stock valued at $21,029,000 after purchasing an additional 4,107 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in AeroVironment during the 4th quarter valued at $333,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in AeroVironment by 22.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,893 shares of the aerospace company’s stock valued at $599,000 after purchasing an additional 721 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

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.