AeroVironment (NASDAQ:AVAV) Stock Price Target Cut by Citizens Jmp

AeroVironment (NASDAQ:AVAV – Get Free Report) had its price target lowered by research analysts at Citizens Jmp from $230.00 to $170.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “market outperform” rating on the aerospace company’s stock. Citizens Jmp’s target price points to a potential upside of 39.58% from the company’s previous close.

A number of other brokerages also recently weighed in on AVAV. KeyCorp reissued an “overweight” rating on shares of AeroVironment in a report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of AeroVironment from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Barclays began coverage on shares of AeroVironment in a report on Friday, October 9th. They set an “equal weight” rating and a $237.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of AeroVironment in a research report on Thursday, September 10th. Finally, BTIG Research reiterated a “buy” rating and issued a $205.00 target price on shares of AeroVironment in a research note on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $225.80.

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AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $121.79 on Monday. The business’s 50 day moving average is $152.36 and its 200 day moving average is $165.32. AeroVironment has a 12-month low of $116.43 and a 12-month high of $408.25. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of -52.05, a PEG ratio of 1.91 and a beta of 1.36. The company has a quick ratio of 3.33, a current ratio of 4.26 and a debt-to-equity ratio of 0.17.

AeroVironment (NASDAQ:AVAV – Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The aerospace company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.37. AeroVironment had a negative net margin of 5.77% and a positive return on equity of 4.04%. The company had revenue of $480.49 million for the quarter, compared to analyst estimates of $451.95 million. During the same period last year, the firm earned $0.32 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, sell-side analysts forecast that AeroVironment will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling at AeroVironment

In related news, CAO Brian Shackley sold 205 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $201.86, for a total transaction of $41,381.30. Following the completion of the transaction, the chief accounting officer owned 7,888 shares of the company’s stock, valued at approximately $1,592,271.68. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $152.27, for a total transaction of $38,067.50. Following the sale, the director directly owned 48,253 shares in the company, valued at $7,347,484.31. This trade represents a 0.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 805 shares of company stock worth $142,671. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On AeroVironment

Several large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new stake in shares of AeroVironment during the 1st quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of AeroVironment during the 1st quarter worth $28,000. MidFirst Bank bought a new stake in shares of AeroVironment during the 4th quarter worth $40,000. Toth Financial Advisory Corp bought a new stake in shares of AeroVironment during the 2nd quarter worth $33,000. Finally, Western Wealth Management LLC purchased a new position in AeroVironment in the first quarter worth $37,000. Institutional investors own 86.38% of the company’s stock.

AeroVironment Company Profile

(Get Free Report)

AeroVironment, Inc is a defense technology company that develops and supplies autonomous systems, uncrewed aircraft, loitering munitions and counter-uncrewed-aircraft systems. Its portfolio includes small unmanned aircraft systems such as Raven, Puma and Wasp, as well as larger platforms including JUMP 20 and Quantix Recon.

The company is also known for its Switchblade family of loitering munitions, which combine surveillance, target identification and precision strike capabilities. AeroVironment provides related ground control systems, sensors, software, communications equipment, training and support services for intelligence, surveillance and reconnaissance missions.

Founded in 1971 by aerospace engineer Paul B.

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Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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