Morgan Keegan is out with its report today on AeroVironment AVAV, maintaining Market Perform.
In a note to clients, Morgan Keegan writes, "Overall we see significant opportunities for AeroVironment long term, but believe this potential is already fairly valued at current levels – shares are trading at 9.1x EV / CY 2012
EBITDA and 22.9x P / CY 2012 EPS versus 8.4x and 21.3x, respectively, for small cap defense technology companies. We maintain our Market Perform rating on shares of AVAV."
Shares of AVAV closed Wednesday at $35.29.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in