Brokerages Set AeroVironment, Inc. (NASDAQ:AVAV) Target Price at $202.40

AeroVironment, Inc. (NASDAQ:AVAV) has received an average rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $202.40.

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

Hedge Funds Weigh In On AeroVironment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AeroVironment in the 4th quarter valued at approximately $4,872,000. Mackenzie Financial Corp increased its position in shares of 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 buying an additional 83 shares during the period. AWM Investment Company Inc. increased its position in shares of 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 buying an additional 16,199 shares during the period. Washington Harbour Partners LP increased its position in shares of 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 during the period. Finally, Vident Advisory LLC increased its position in shares of AeroVironment by 31.6% during the fourth quarter. Vident Advisory LLC now owns 19,022 shares of the aerospace company’s stock worth $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 Stock Performance

Shares of AeroVironment stock opened at $124.00 on Friday. The company has a 50 day moving average of $162.13 and a 200-day moving average of $182.36. AeroVironment has a 1-year low of $110.07 and a 1-year high of $236.60. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.50 billion, a PE ratio of 71.26 and a beta of 0.42.

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.