Brokerages Set Aviat Networks, Inc. (NASDAQ:AVNW) PT at $37.60

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have earned a consensus rating of “Buy” from the five research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $37.60.

Several brokerages have issued reports on AVNW. Roth Mkm lowered their target price on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Lake Street Capital dropped their price objective on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Northland Securities reiterated an “outperform” rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th.

Aviat Networks Price Performance

AVNW opened at $23.29 on Friday. The firm has a market cap of $295.32 million, a P/E ratio of -116.44 and a beta of 1.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. Aviat Networks has a fifty-two week low of $12.95 and a fifty-two week high of $38.85. The firm has a 50-day moving average of $19.52 and a 200 day moving average of $20.80.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. On average, research analysts expect that Aviat Networks will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Aviat Networks

Large investors have recently modified their holdings of the company. Barclays PLC lifted its stake in Aviat Networks by 298.0% in the 3rd quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock worth $344,000 after purchasing an additional 11,926 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Aviat Networks in the third quarter worth $589,000. State Street Corp boosted its stake in Aviat Networks by 1.6% during the third quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock valued at $5,141,000 after buying an additional 3,855 shares during the period. GAMMA Investing LLC bought a new stake in Aviat Networks during the fourth quarter valued at $34,000. Finally, Jane Street Group LLC grew its position in Aviat Networks by 59.1% during the third quarter. Jane Street Group LLC now owns 24,737 shares of the communications equipment provider’s stock worth $535,000 after buying an additional 9,186 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors.

Aviat Networks Company Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.