AeroVironment, Inc. (NASDAQ:AVAV) Receives $202.40 Consensus Price Target from Brokerages

Shares of AeroVironment, Inc. (NASDAQ:AVAV) have been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $202.40.

Several research firms recently weighed in on AVAV. William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird dropped their price objective on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their price objective on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th.

AeroVironment Stock Up 4.4 %

Shares of AVAV opened at $129.45 on Friday. The company has a market capitalization of $3.65 billion, a P/E ratio of 74.40 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment has a one year low of $110.07 and a one year high of $236.60. The business’s 50 day simple moving average is $160.21 and its 200-day simple moving average is $181.23.

Institutional Trading of AeroVironment

Several institutional investors and hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of AeroVironment during the 4th quarter valued at $4,872,000. Mackenzie Financial Corp grew its holdings in shares of AeroVironment by 5.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company’s stock valued at $246,000 after buying an additional 83 shares during the period. AWM Investment Company Inc. grew its holdings in shares of AeroVironment by 15.4% in the 4th quarter. AWM Investment Company Inc. now owns 121,633 shares of the aerospace company’s stock valued at $18,718,000 after buying an additional 16,199 shares during the period. Washington Harbour Partners LP grew its holdings in shares of AeroVironment by 4.0% in the 4th quarter. Washington Harbour Partners LP now owns 22,044 shares of the aerospace company’s stock valued at $3,392,000 after buying an additional 844 shares during the period. Finally, Vident Advisory LLC grew its holdings in shares of 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. Institutional investors own 86.38% of the company’s stock.

About AeroVironment

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.