AeroVironment (AVAV) Getting Positive Media Coverage, Analysis Finds

News articles about AeroVironment (NASDAQ:AVAV) have trended positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. AeroVironment earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave news coverage about the aerospace company an impact score of 45.0274572154638 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of AeroVironment (AVAV) opened at $51.09 on Thursday. The firm has a market cap of $1,168.21, a P/E ratio of 39.00, a P/E/G ratio of 4.64 and a beta of 1.06. AeroVironment has a 1-year low of $25.66 and a 1-year high of $58.99.

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

AVAV has been the topic of several research reports. Robert W. Baird reissued a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. TheStreet raised shares of AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. Finally, Canaccord Genuity reissued a “hold” rating and set a $50.00 price target on shares of AeroVironment in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. AeroVironment has a consensus rating of “Hold” and a consensus target price of $42.40.

In related news, Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $56.90, for a total value of $216,220.00. Following the sale, the chairman now owns 58,138 shares of the company’s stock, valued at $3,308,052.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $44.85, for a total transaction of $340,860.00. Following the completion of the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $2,607,489.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,400 shares of company stock worth $2,578,300. 11.00% of the stock is owned by corporate insiders.

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About AeroVironment

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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