In a report released today, Brian Ruttenbur from Drexel Hamilton maintained a Hold rating on AeroVironment (AVAV). The company’s shares closed yesterday at $91.68.
Ruttenbur observed:
“We are updating our estimates following 2Q’19. In FY’19 we are maintaining our revenue estimate at $303M, raising our EBITDA estimate from $30M to $32M, and raising our EPS estimate from $1.25 to $1.30. We are maintaining our FY’20 revenue projection at $343M, our EBITDA at $40M, and increasing our EPS from $1.34 to $1.35.”
According to TipRanks.com, Ruttenbur is a 3-star analyst with an average return of 4.1% and a 52.5% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Huntington Ingalls.
The word on The Street in general, suggests a Hold analyst consensus rating for AeroVironment with a $79 average price target, which is a -13.8% downside from current levels. In a report released today, Piper Jaffray also reiterated a Hold rating on the stock with a $78 price target.
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Based on AeroVironment’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $18.49 million. In comparison, last year the company had a net profit of $7.02 million.
Based on the recent corporate insider activity of 37 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.
