News stories about AeroVironment (NASDAQ:AVAV) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AeroVironment earned a news impact score of 0.11 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 44.4136210712936 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern’s scoring:
- RMI Signaling Increased Momentum For AeroVironment Inc (AVAV) – FLBC News (flbcnews.com)
- Market Monitor: Looking at Signals for Aerovironment Inc (AVAV) – Wall Street Review (thewallstreetreview.com)
- BidaskClub Downgrades AeroVironment, Inc. (AVAV) to Hold (americanbankingnews.com)
- Aerovironment In Up 51.5% Since SmarTrend Uptrend Call (AVAV) (mysmartrend.com)
- Trading Views: Indicator Watch for Aerovironment Inc (AVAV) – Financial News Review (finnewsreview.com)
Several analysts recently issued reports on AVAV shares. TheStreet raised shares of AeroVironment from a “c-” rating to a “b” rating in a report on Tuesday, June 27th. BidaskClub cut shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Jefferies Group LLC increased their target price on shares of AeroVironment from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, June 28th. ValuEngine raised shares of AeroVironment from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a report on Thursday, August 10th. Eight investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. AeroVironment presently has an average rating of “Hold” and a consensus price target of $33.00.
Shares of AeroVironment (AVAV) traded up 0.29% during trading on Friday, reaching $37.47. 96,924 shares of the company were exchanged. The stock has a 50-day moving average of $38.28 and a 200 day moving average of $31.22. The stock has a market capitalization of $871.81 million, a P/E ratio of 69.39 and a beta of 1.31. AeroVironment has a 52-week low of $22.16 and a 52-week high of $40.10.
AeroVironment (NASDAQ:AVAV) last issued its earnings results on Tuesday, June 27th. The aerospace company reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.31. The firm had revenue of $125.40 million for the quarter, compared to analyst estimates of $122.90 million. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. The business’s revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. On average, equities analysts anticipate that AeroVironment will post $0.54 earnings per share for the current fiscal year.
In other AeroVironment news, Chairman Timothy E. Conver sold 4,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $31.74, for a total value of $126,960.00. Following the sale, the chairman now directly owns 66,621 shares in the company, valued at $2,114,550.54. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kenneth D. Karklin sold 735 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $39.57, for a total value of $29,083.95. Following the completion of the sale, the vice president now owns 9,437 shares in the company, valued at $373,422.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,897 shares of company stock worth $2,737,757. Corporate insiders own 12.50% of the company’s stock.
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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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