AeroVironment (AVAV) Jumps: Stock Rises 10.6%


AeroVironment, Inc. (AVAV) was a big mover last session, as its shares rose by nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $26.92 to $28.25 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revision of one increase and two decreases over the past one month, while the Zacks Consensus Estimate has gone up a notch higher. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

AeroVironment currently has a Zacks Rank #3 (Hold) and its Earnings ESP is negative.

Some better-ranked aerospace/defense equipment stocks are Alliant Techsystems Inc. (ATK) and Hexcel Corp. (HXL). While Alliant sports a Zacks Rank #1 (Strong Buy), Hexcel holds a Zacks Rank #2 (Buy). Another stock worth considering in the broader aerospace industry is Raytheon Co. (RTN) which carries a Zacks Rank #1.

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(AVAV): Free Stock Analysis Report

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