AeroVironment (NASDAQ:AVAV) Price Target Cut to $146.00 by Analysts at Robert W. Baird

AeroVironment (NASDAQ:AVAV) had its price objective cut by investment analysts at Robert W. Baird from $220.00 to $146.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 2.89% from the stock’s current price.

AVAV has been the topic of several other reports. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Thursday, December 5th. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and dropped their price target for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $210.40.

AeroVironment Stock Down 0.5 %

AVAV opened at $141.90 on Wednesday. The stock’s fifty day simple moving average is $164.89 and its 200 day simple moving average is $184.37. AeroVironment has a 1-year low of $110.31 and a 1-year high of $236.60. The stock has a market cap of $4.00 billion, a PE ratio of 81.55 and a beta of 0.52. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.29). The company had revenue of $188.46 million during the quarter, compared to the consensus estimate of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. AeroVironment’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share. As a group, research analysts expect that AeroVironment will post 3.38 earnings per share for the current year.

Institutional Investors Weigh In On AeroVironment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AeroVironment in the 4th quarter valued at $4,872,000. Mackenzie Financial Corp lifted its position in AeroVironment by 5.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company’s stock worth $246,000 after purchasing an additional 83 shares during the period. AWM Investment Company Inc. lifted its position in AeroVironment by 15.4% during the fourth quarter. AWM Investment Company Inc. now owns 121,633 shares of the aerospace company’s stock worth $18,718,000 after purchasing an additional 16,199 shares during the period. Washington Harbour Partners LP grew its stake in AeroVironment by 4.0% during the fourth quarter. Washington Harbour Partners LP now owns 22,044 shares of the aerospace company’s stock worth $3,392,000 after buying an additional 844 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in AeroVironment by 31.6% in the 4th quarter. Vident Advisory LLC now owns 19,022 shares of the aerospace company’s stock valued at $2,927,000 after buying an additional 4,573 shares during the period. 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.