RBC Capital analyst Kenneth Herbert maintained a Hold rating on AeroVironment on September 10 and set a price target of $180.00. The company’s shares closed yesterday at $147.07.
Herbert covers the Industrials sector, focusing on stocks such as Boeing, Airbus Group SE, and AeroVironment. According to TipRanks, Herbert has an average return of 22.6% and a 63.91% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for AeroVironment with a $223.88 average price target, which is a 52.23% upside from current levels. In a report released on September 10, UBS also assigned a Hold rating to the stock with a $170.00 price target.
Based on AeroVironment’s latest earnings release for the quarter ending August 1, the company reported a quarterly revenue of $480.49 million and a GAAP net loss of $5.07 million. In comparison, last year the company earned a revenue of $454.68 million and had a GAAP net loss of $67.37 million
