AeroVironment, Inc. (NASDAQ:AVAV) Receives $202.40 Average Price Target from Analysts

AeroVironment, Inc. (NASDAQ:AVAV) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $202.40.

A number of research analysts recently weighed in on the company. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Jefferies Financial Group cut their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Robert W. Baird cut their price objective on AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th.

AeroVironment Stock Up 2.0 %

Shares of AVAV stock opened at $123.99 on Friday. The stock’s 50 day simple moving average is $161.49 and its 200 day simple moving average is $181.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. AeroVironment has a twelve month low of $110.07 and a twelve month high of $236.60. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 71.26 and a beta of 0.42.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of AeroVironment by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,098,822 shares of the aerospace company’s stock valued at $476,878,000 after purchasing an additional 35,543 shares during the period. Baillie Gifford & Co. increased its position in shares of AeroVironment by 9.4% during the fourth quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock valued at $328,598,000 after purchasing an additional 183,887 shares during the period. State Street Corp increased its position in shares of AeroVironment by 0.5% during the third quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock valued at $317,366,000 after purchasing an additional 7,471 shares during the period. Geode Capital Management LLC increased its position in shares of AeroVironment by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 654,024 shares of the aerospace company’s stock valued at $100,670,000 after purchasing an additional 19,835 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in shares of AeroVironment during the fourth quarter valued at approximately $93,759,000. 86.38% of the stock is owned by institutional investors.

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.