Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on AeroVironment

Related AVAV
Earnings Scheduled For March 3, 2015
UPDATE: AeroVironment Receives $4.3M Award & $7.1M Option For Switchblade Tactical Missile System Support Services
AeroVironment now down 9.5% post-earnings; FY16 in focus (Seeking Alpha)

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on AeroVironment (NASDAQ: AVAV), but lowered its price target from $27.00 to $25.00.

Jefferies noted, “AVAV reported Q2:FY13 revenues of $80.3MM vs. our estimate of $79MM and $80.4MMM a year ago. Despite flat revenues, EPS of $0.39 was up 32% due to better profitability in the UAS and EES segments. A higher proportion of product sales and control of the cost structure drove the results.”

AeroVironment closed on Tuesday at $20.26.

Latest Ratings for AVAV

Jul 2014JefferiesMaintainsHold
Jun 2014BenchmarkDowngradesBuyHold
Mar 2014CRT CapitalMaintainsFair Value

View More Analyst Ratings for AVAV
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (AVAV)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content