AEVEX (NYSE:AVEX) Earns Buy Rating from Analysts at Bank of America

Analysts at Bank of America initiated coverage on shares of AEVEX (NYSE:AVEX) in a research note issued on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $34.00 price target on the stock. Bank of America‘s target price suggests a potential upside of 39.63% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of AEVEX in a report on Tuesday. They set a “buy” rating and a $34.00 price objective on the stock. Robert W. Baird initiated coverage on shares of AEVEX in a report on Tuesday. They set an “outperform” rating and a $38.00 price objective on the stock. Wall Street Zen upgraded shares of AEVEX to a “hold” rating in a report on Saturday, April 25th. Finally, Royal Bank Of Canada initiated coverage on shares of AEVEX in a report on Tuesday. They set an “outperform” rating and a $31.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, AEVEX has an average rating of “Buy” and an average target price of $36.17.

AEVEX Stock Performance

NYSE:AVEX opened at $24.35 on Tuesday. AEVEX has a 52-week low of $22.27 and a 52-week high of $42.34.

Insider Activity at AEVEX

In other AEVEX news, CFO Todd Booth bought 13,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average price of $20.00 per share, with a total value of $260,000.00. Following the completion of the purchase, the chief financial officer directly owned 13,000 shares in the company, valued at $260,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brian Raduenz bought 50,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $1,000,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at $1,000,000. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 74,150 shares of company stock valued at $1,483,000 over the last quarter.