AeroVironment (AVAV) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Media stories about AeroVironment (NASDAQ:AVAV) have trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public 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 0.07 on Accern’s scale. Accern also gave news coverage about the aerospace company an impact score of 45.7138826578916 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Canaccord Genuity upped their price target on shares of AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird restated a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research report on Tuesday, October 24th. ValuEngine downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, TheStreet raised shares of AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.40.

Shares of AeroVironment (AVAV) opened at $53.60 on Friday. AeroVironment has a one year low of $24.70 and a one year high of $58.99. The stock has a market cap of $1,279.43, a PE ratio of 40.92, a P/E/G ratio of 5.09 and a beta of 1.16.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.30. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. The company had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.53 million. During the same quarter in the prior year, the company earned ($0.18) EPS. AeroVironment’s revenue was up 47.3% compared to the same quarter last year. analysts predict that AeroVironment will post 0.7 earnings per share for the current year.

In other news, Chairman Timothy E. Conver sold 7,600 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $44.85, for a total value of $340,860.00. Following the completion of the sale, the chairman now owns 58,138 shares of the company’s stock, valued at approximately $2,607,489.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total transaction of $167,732.00. Following the completion of the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,566,211.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,000 shares of company stock valued at $1,982,916. 11.00% of the stock is owned by corporate insiders.

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AeroVironment Company Profile

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.

Insider Buying and Selling by Quarter for AeroVironment (NASDAQ:AVAV)

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