Morgan Keegan Maintains Market Perform on AeroVironment

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.
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Posted In: Analyst ColorAnalyst RatingsAerospace & DefenseAeroVironmentIndustrialsMorgan Keegan
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