AeroVironment (NASDAQ:AVAV) Coverage Initiated by Analysts at BTIG Research

BTIG Research started coverage on shares of AeroVironment (NASDAQ:AVAV) in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $255.00 target price on the aerospace company’s stock.

AVAV has been the topic of a number of other reports. Royal Bank of Canada lifted their target price on shares of AeroVironment from $160.00 to $165.00 and gave the company an outperform rating in a report on Friday, April 5th. William Blair reaffirmed an outperform rating on shares of AeroVironment in a research note on Tuesday, March 5th. Finally, Robert W. Baird reiterated a neutral rating and issued a $161.00 price objective on shares of AeroVironment in a research report on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AeroVironment presently has a consensus rating of Moderate Buy and a consensus price target of $175.20.

AeroVironment Stock Performance

Shares of AVAV stock opened at $182.16 on Wednesday. AeroVironment has a 12 month low of $91.00 and a 12 month high of $224.00. The company has a current ratio of 3.56, a quick ratio of 3.16 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.13 billion, a P/E ratio of 82.05 and a beta of 0.46. The firm has a fifty day moving average price of $190.43 and a 200 day moving average price of $154.38.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Wednesday, June 26th. The aerospace company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.22. The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $188.48 million. AeroVironment had a net margin of 8.32% and a return on equity of 10.89%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. Sell-side analysts predict that AeroVironment will post 3.36 earnings per share for the current fiscal year.

Institutional Trading of AeroVironment

Several large investors have recently modified their holdings of the business. NBC Securities Inc. acquired a new position in AeroVironment in the 1st quarter valued at $26,000. Bfsg LLC purchased a new position in AeroVironment during the fourth quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in AeroVironment in the 1st quarter worth about $38,000. GAMMA Investing LLC purchased a new stake in AeroVironment in the 4th quarter valued at about $32,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of AeroVironment during the 4th quarter worth about $39,000. 86.38% of the stock is currently 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.