AeroVironment (AVAV) Gets a Hold Rating from RBC Capital

In a report issued on March 29, Kenneth Herbert from RBC Capital maintained a Hold rating on AeroVironment (AVAVResearch Report), with a price target of $95.00. The company’s shares closed last Wednesday at $94.61.

According to TipRanks.com, Herbert is a top 100 analyst with an average return of 22.6% and a 68.9% success rate. Herbert covers the Technology sector, focusing on stocks such as Maxar Technologies, Spirit AeroSystems, and Mercury Systems.

AeroVironment has an analyst consensus of Moderate Buy, with a price target consensus of $85.25.

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Based on AeroVironment’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $90.09 million and net profit of $10K. In comparison, last year the company earned revenue of $78.78 million and had a net profit of $211K.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVAV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AeroVironment, Inc. engages in the design, development, production, support, and operation of unmanned aircraft systems and electric transportation solutions. The company was founded in July 1971 by Paul B. MacCready, Jr. and is headquartered in Monrovia, CA.

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