AEVEX Corp. (NYSE:AVEX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

AEVEX Corp. (NYSE:AVEX) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $35.6250.

Several equities analysts have recently issued reports on the company. Robert W. Baird started coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 target price for the company. Raymond James Financial assumed coverage on AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating and a $35.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of AEVEX in a research report on Thursday, August 13th. Wall Street Zen upgraded AEVEX to a “hold” rating in a research note on Saturday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on AEVEX from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th.

AEVEX Stock Performance

AEVEX stock opened at $18.91 on Thursday. AEVEX has a fifty-two week low of $13.07 and a fifty-two week high of $42.34. The stock has a market capitalization of $2.16 billion and a PE ratio of 59.09. The stock’s 50-day moving average price is $18.20. The company has a current ratio of 5.66, a quick ratio of 5.50 and a debt-to-equity ratio of 1.15.

AEVEX (NYSE:AVEX) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.05). The business had revenue of $201.79 million for the quarter, compared to analysts’ expectations of $155.15 million. The firm’s revenue for the quarter was up 99.5% on a year-over-year basis. As a group, analysts predict that AEVEX will post 0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the completion of the sale, the insider owned 22,861,457 shares in the company, valued at approximately $594,169,267.43. This trade represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

About AEVEX

AEVEX Corp. is a holding company which designs, manufactures and provides autonomous systems and navigation technologies. The company’s operating segment includes tactical systems and global solutions. AEVEX Corp. is based in Solana Beach, California.