StockNews.com Upgrades Aviat Networks (NASDAQ:AVNW) to “Buy”

StockNews.com upgraded shares of Aviat Networks (NASDAQ:AVNW) from a hold rating to a buy rating in a report released on Monday.

Several other analysts have also issued reports on AVNW. Northland Securities reissued an outperform rating and set a $40.00 price target (down previously from $50.00) on shares of Aviat Networks in a report on Friday, September 13th. B. Riley decreased their price objective on Aviat Networks from $55.00 to $42.00 and set a buy rating on the stock in a report on Friday, September 13th. Finally, Lake Street Capital restated a buy rating and issued a $51.00 price target on shares of Aviat Networks in a research report on Friday, July 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $43.00.

Aviat Networks Stock Performance

AVNW stock opened at $22.62 on Monday. The stock’s fifty day moving average price is $24.73 and its 200-day moving average price is $29.02. The company has a market cap of $284.22 million, a P/E ratio of 20.02 and a beta of 1.80. Aviat Networks has a 1 year low of $18.00 and a 1 year high of $38.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.79.

Institutional Trading of Aviat Networks

Institutional investors have recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC purchased a new stake in shares of Aviat Networks in the first quarter worth approximately $1,330,000. Select Equity Group L.P. raised its holdings in shares of Aviat Networks by 8.7% in the second quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after buying an additional 30,582 shares during the period. Vanguard Group Inc. raised its holdings in shares of Aviat Networks by 2.2% in the first quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock worth $21,166,000 after buying an additional 11,662 shares during the period. Hodges Capital Management Inc. raised its holdings in shares of Aviat Networks by 80.8% in the second quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock worth $10,487,000 after buying an additional 163,365 shares during the period. Finally, Private Advisor Group LLC raised its holdings in shares of Aviat Networks by 45.4% in the first quarter. Private Advisor Group LLC now owns 12,832 shares of the communications equipment provider’s stock worth $492,000 after buying an additional 4,009 shares during the period. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Company Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.