Robert W. Baird analyst Peter Arment reiterated a Hold rating on AeroVironment (NASDAQ: AVAV) yesterday and set a price target of $50. The company’s shares closed yesterday at $54.47, close to its 52-week high of $58.23.
According to TipRanks.com, Arment is a top 100 analyst with an average return of 17.5% and a 82.1% success rate. Arment covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Lockheed Martin Corp, and Transdigm Group Inc.
Currently, the analyst consensus on AeroVironment is Hold and the average price target is $44.25, representing a -18.8% downside.
In a report released yesterday, Raymond James also maintained a Hold rating on the stock.
The company has a one-year high of $58.23 and a one-year low of $24.70. Currently, AeroVironment has an average volume of 383.5K.
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AeroVironment, Inc. engages in the design, development, production, support, and operation of unmanned aircraft systems and electric transportation solutions. It operates through UAS and ESS segments.