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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
(AVAV): Free Stock Analysis Report
ALLIANT TECHSYSTEMS INC (ATK): Free Stock Analysis Report
(RTN): Free Stock Analysis Report
HEXCEL CORP (HXL): Free Stock Analysis Report
Zacks Investment Research
- Finance Trading