Aviat Networks, Inc. (NASDAQ:AVNW) Stock Has Consensus Target Price of $32.71 According to Brokerages

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.71.

Several analysts have recently commented on the stock. Weiss Ratings raised shares of Aviat Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Northland Securities increased their price objective on Aviat Networks from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Roth Capital reiterated a “buy” rating and issued a $38.00 price objective (up from $34.00) on shares of Aviat Networks in a research report on Friday, August 28th. B. Riley Financial restated a “buy” rating and issued a $33.00 target price (up from $28.00) on shares of Aviat Networks in a research report on Friday, August 28th. Finally, Rafferty Capital Markets assumed coverage on Aviat Networks in a research note on Tuesday, June 30th. They issued a “buy” rating and a $36.00 price target on the stock.

Insider Transactions at Aviat Networks

In related news, VP Erin Boase sold 1,347 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $19.69, for a total value of $26,522.43. Following the sale, the vice president directly owned 28,275 shares in the company, valued at approximately $556,734.75. The trade was a 4.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Pete A. Smith sold 14,264 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $19.69, for a total transaction of $280,858.16. Following the completion of the transaction, the chief executive officer directly owned 367,840 shares in the company, valued at $7,242,769.60. The trade was a 3.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,240 shares of company stock valued at $319,766 over the last three months. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Aviat Networks

A number of institutional investors have recently made changes to their positions in the stock. Tieton Capital Management LLC purchased a new stake in shares of Aviat Networks in the 2nd quarter valued at approximately $15,017,000. Sei Investments Co. lifted its holdings in shares of Aviat Networks by 122.2% in the 1st quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider’s stock worth $9,775,000 after acquiring an additional 237,761 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of Aviat Networks in the 1st quarter worth approximately $1,465,000. Squarepoint Ops LLC purchased a new position in shares of Aviat Networks during the 2nd quarter worth approximately $1,095,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Aviat Networks during the 2nd quarter worth approximately $1,076,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Price Performance

Shares of AVNW stock opened at $18.94 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.97 and a quick ratio of 1.66. The company has a market capitalization of $243.57 million, a PE ratio of 99.68 and a beta of 0.68. The firm’s 50-day moving average is $20.34 and its two-hundred day moving average is $20.09. Aviat Networks has a 12 month low of $13.92 and a 12 month high of $27.02.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Thursday, August 27th. The communications equipment provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.09. The business had revenue of $120.89 million during the quarter, compared to analysts’ expectations of $110.12 million. Aviat Networks had a net margin of 0.58% and a return on equity of 5.85%. Analysts predict that Aviat Networks will post 2.09 earnings per share for the current year.

Aviat Networks Company Profile

Aviat Networks, Inc (NASDAQ: AVNW) provides wireless networking solutions for communications service providers, private networks, government agencies, utilities, transportation organizations, and other critical infrastructure operators. The company specializes in connecting locations where fiber is unavailable, impractical, or requires a complementary wireless link.

Its portfolio includes microwave and millimeter-wave wireless transport systems, packet-based networking equipment, routers, wireless access products, network management software, and related installation, support, and professional services.