Recent Analysts’ Ratings Changes for AeroVironment (AVAV)

AeroVironment (NASDAQ: AVAV) has recently received a number of price target changes and ratings updates:

  • 8/31/2017 – AeroVironment had its “neutral” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $36.00 price target on the stock.
  • 8/30/2017 – AeroVironment had its price target raised by analysts at Jefferies Group LLC from $29.00 to $37.00. They now have a “hold” rating on the stock.
  • 8/30/2017 – AeroVironment had its price target raised by analysts at Canaccord Genuity from $35.00 to $40.00. They now have a “hold” rating on the stock.
  • 8/28/2017 – AeroVironment had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $35.00 price target on the stock.
  • 8/16/2017 – AeroVironment was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/10/2017 – AeroVironment had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $35.00 price target on the stock. They wrote, “Date and time of first dissemination: August 10, 2017, 10:54 ET Date and time of production: August 10, 2017, 10:54 ET Target Price / Valuation Methodology: AeroVironment – AVAV Our $35 price target is based on the blend of a ~60x EPS multiple and a ~27x EBITDA multiple, applied to our FY18 estimates. Risks to achieving Target Price / Valuation: AeroVironment – AVAV Risks to our thesis on AVAV include: a delay in FAA regulations for drone flights, which could result in a slower than anticipated adoption of UAS for commercial applications; spending cuts by the military; a slower-than-anticipated consumer adoption for electronic vehicles; and increased competition for the company’s business segments. Distribution of Ratings: Global Stock Ratings (as of 08/10/17) Rating Coverage Universe IB Clients # % % Buy 591 60.68% 40.10% Hold 281 28.85% 23.13% Sell 24 2.46% 8.33% Speculative Buy 78 8.01% 73.08% 974* 100.0% *Total includes stocks that are Under Review Canaccord Genuity Ratings System BUY: The stock is expected to generate risk-adjusted returns of over 10% during the next 12 months. HOLD: The stock is expected to generate risk-adjusted returns of 0-10% during the next 12 months. SELL: The stock is expected to generate negative risk-adjusted returns during the next 12 months. NOT RATED: Canaccord Genuity does not provide research coverage of the relevant issuer.””
  • 7/28/2017 – AeroVironment was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of AeroVironment, Inc. (NASDAQ:AVAV) opened at 48.96 on Thursday. AeroVironment, Inc. has a 52 week low of $22.16 and a 52 week high of $51.04. The company’s 50-day moving average is $40.83 and its 200 day moving average is $33.37. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 57.67 and a beta of 1.26.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.15. The firm had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $42.44 million. AeroVironment had a net margin of 7.22% and a return on equity of 5.40%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.51) earnings per share. Analysts anticipate that AeroVironment, Inc. will post $0.61 EPS for the current fiscal year.

In related news, Chairman Timothy E. Conver sold 32,800 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $39.17, for a total value of $1,284,776.00. Following the sale, the chairman now directly owns 69,500 shares of the company’s stock, valued at $2,722,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Timothy E. Conver sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $30.99, for a total transaction of $123,960.00. Following the completion of the sale, the chairman now directly owns 66,621 shares in the company, valued at $2,064,584.79. The disclosure for this sale can be found here. Insiders sold 83,097 shares of company stock worth $3,280,965 over the last ninety days. 11.00% of the stock is currently owned by corporate insiders.

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

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