Somewhat Positive News Coverage Somewhat Unlikely to Impact AeroVironment (AVAV) Share Price

News articles about AeroVironment (NASDAQ:AVAV) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AeroVironment earned a news impact score of 0.15 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 46.683311159859 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

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AeroVironment Awarded ISO 9001:2015 + AS9100D Certification for Quality Management System (markets.financialcontent.com) Global Electric Vehicle Charging Station Market 2018 AeroVironment, Bosch Automotive Service Solutions … (thetechnicalprogress.com) AeroVironment (AVAV) Upgraded to Strong-Buy at ValuEngine (americanbankingnews.com) BAE Systems partners with drone specialist for solar-powered UAV (defensenews.com) Electric Vehicle Service Equipment (EVSE) Market Leading Manufacturers 2018: Elektromotive, AeroVironment … (thetechnicalprogress.com)

AVAV has been the subject of a number of research analyst reports. ValuEngine raised shares of AeroVironment from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Stifel Nicolaus raised shares of AeroVironment from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $65.00 in a research report on Wednesday, April 11th. Zacks Investment Research lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, BidaskClub raised shares of AeroVironment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.50.

NASDAQ AVAV opened at $56.48 on Friday. The company has a market capitalization of $1,350.21, a PE ratio of 104.59, a P/E/G ratio of 2.82 and a beta of 1.20. AeroVironment has a 52-week low of $28.54 and a 52-week high of $58.99.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, March 6th. The aerospace company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. AeroVironment had a return on equity of 9.15% and a net margin of 10.50%. The firm had revenue of $63.90 million for the quarter, compared to the consensus estimate of $58.18 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. research analysts anticipate that AeroVironment will post 0.7 EPS for the current fiscal year.

In related news, Chairman Timothy E. Conver sold 7,600 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $50.73, for a total value of $385,548.00. Following the transaction, the chairman now owns 58,138 shares in the company, valued at $2,949,340.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $47.72, for a total value of $181,336.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $2,774,345.36. The disclosure for this sale can be found here. Insiders sold 26,600 shares of company stock worth $1,272,012 in the last 90 days. 11.00% of the stock is currently owned by corporate insiders.

About AeroVironment

AeroVironment, Inc designs, develops, produces, supports, and operates unmanned aircraft systems (UAS) and efficient energy systems (EES) in the United States and internationally. The company offers small UAS products to deliver intelligence, surveillance, and reconnaissance; and communications, such as real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual operator.

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