Shares of Archer Aviation Inc. (NYSE:ACHR – Get Free Report) have earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.61.
A number of brokerages recently issued reports on ACHR. Deutsche Bank Aktiengesellschaft lifted their target price on Archer Aviation from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 13th. HC Wainwright reiterated a “buy” rating and set a $12.50 price target on shares of Archer Aviation in a report on Friday, February 28th. Cantor Fitzgerald lifted their price target on Archer Aviation from $10.00 to $13.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Needham & Company LLC lifted their price target on Archer Aviation from $11.00 to $13.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Canaccord Genuity Group lifted their price target on Archer Aviation from $13.00 to $13.50 and gave the company a “buy” rating in a report on Friday, February 28th.
Read Our Latest Stock Report on Archer Aviation
Insider Activity at Archer Aviation
Institutional Trading of Archer Aviation
A number of institutional investors and hedge funds have recently made changes to their positions in ACHR. Creative Planning lifted its position in shares of Archer Aviation by 74.1% in the third quarter. Creative Planning now owns 28,851 shares of the company’s stock worth $87,000 after buying an additional 12,278 shares during the last quarter. PFG Investments LLC lifted its position in shares of Archer Aviation by 36.0% in the third quarter. PFG Investments LLC now owns 19,629 shares of the company’s stock worth $59,000 after buying an additional 5,200 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Archer Aviation by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 37,820 shares of the company’s stock worth $115,000 after buying an additional 4,505 shares during the last quarter. Fullcircle Wealth LLC lifted its position in shares of Archer Aviation by 138.0% in the third quarter. Fullcircle Wealth LLC now owns 47,601 shares of the company’s stock worth $144,000 after buying an additional 27,601 shares during the last quarter. Finally, Vestor Capital LLC acquired a new stake in shares of Archer Aviation in the third quarter worth about $61,000. Institutional investors and hedge funds own 59.34% of the company’s stock.
Archer Aviation Stock Performance
Shares of NYSE ACHR opened at $8.13 on Thursday. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of -6.16 and a beta of 3.13. The stock’s fifty day simple moving average is $9.50 and its 200 day simple moving average is $6.34. Archer Aviation has a 52-week low of $2.82 and a 52-week high of $12.48.
Archer Aviation (NYSE:ACHR – Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. As a group, sell-side analysts forecast that Archer Aviation will post -1.32 earnings per share for the current fiscal year.
Archer Aviation Company Profile
Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.
Featured Stories
- Five stocks we like better than Archer Aviation
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Corporate Crawl: Where Business Trips Turn Into Party Nights
- What is a support level?
- CrowdStrike’s Growth Remains Strong—Buy While It’s Down
- Health Care Stocks Explained: Why You Might Want to Invest
- Is Advanced Micro Devices Stock Slide Over?
Receive News & Ratings for Archer Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Aviation and related companies with MarketBeat.com's FREE daily email newsletter.