For its third fiscal quarter (ending January 31), AeroVironment Inc (NASDAQ: AVAV) has reported E.P.S. of $0.50 compared to $-0.03 a year ago. For the latest four quarters through January 31, E.P.S. were $-4.32 compared to $-0.34 a year ago.
Recent Price Action
AeroVironment Inc (NASDAQ: AVAV) stock closed at $130.65 on 3/4/24 after an increase of 1.5%. Moreover, exceptionally high trading volume at 438% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AVAV is expected to continue to be an important Value Builder.
AeroVironment has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. AeroVironment has a very low Appreciation Score of 10 but a very high Power Rating of 95, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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