Canaccord Genuity analyst Kenneth Herbert maintained a Hold rating on AeroVironment (NASDAQ: AVAV) today and set a price target of $80. The company’s shares opened today at $96.12, close to its 52-week high of $103.53.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 13.7% and a 65.7% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.
The word on The Street in general, suggests a Hold analyst consensus rating for AeroVironment with a $75.25 average price target, which is a -21.7% downside from current levels. In a report issued on August 28, Robert W. Baird also maintained a Hold rating on the stock with a $74 price target.
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Based on AeroVironment’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $18.32 million. In comparison, last year the company had a GAAP net loss of $4.44 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.
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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.
