Somewhat Favorable Press Coverage Somewhat Unlikely to Affect AeroVironment (AVAV) Stock Price

News stories about AeroVironment (NASDAQ:AVAV) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of 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 0.11 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 44.4136210712936 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the headlines that may have impacted Accern’s scoring:

Shares of AeroVironment (AVAV) traded up 0.29% during trading on Friday, reaching $37.47. 96,924 shares of the company were exchanged. The stock has a 50-day moving average of $38.28 and a 200 day moving average of $31.22. AeroVironment has a 52-week low of $22.16 and a 52-week high of $40.10. The stock has a market capitalization of $871.81 million, a P/E ratio of 69.39 and a beta of 1.31.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Tuesday, June 27th. The aerospace company reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.31. The company had revenue of $125.40 million for the quarter, compared to analysts’ expectations of $122.90 million. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. AeroVironment’s quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities analysts anticipate that AeroVironment will post $0.54 earnings per share for the current fiscal year.

Several analysts recently issued reports on AVAV shares. TheStreet raised shares of AeroVironment from a “c-” rating to a “b” rating in a report on Tuesday, June 27th. Piper Jaffray Companies cut shares of AeroVironment from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $30.00 to $35.00 in a report on Monday, July 3rd. ValuEngine raised shares of AeroVironment from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC increased their price objective on shares of AeroVironment from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, June 28th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a report on Thursday, August 10th. Eight investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. AeroVironment presently has an average rating of “Hold” and a consensus price target of $33.00.

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In related news, VP Kenneth D. Karklin sold 735 shares of AeroVironment stock in a transaction on Friday, July 14th. The stock was sold at an average price of $39.57, for a total transaction of $29,083.95. Following the sale, the vice president now directly owns 9,437 shares in the company, valued at $373,422.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Timothy E. Conver sold 4,000 shares of AeroVironment stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $30.99, for a total value of $123,960.00. Following the sale, the chairman now owns 66,621 shares in the company, valued at $2,064,584.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,897 shares of company stock worth $2,737,757. 12.50% of the stock is owned by insiders.

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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