Stock analysts at Needham & Company LLC started coverage on shares of AEVEX (NYSE:AVEX – Get Free Report) in a research note issued to investors on Tuesday,Benzinga reports. The firm set a “buy” rating and a $45.00 price target on the stock. Needham & Company LLC’s target price indicates a potential upside of 84.80% from the stock’s previous close.
Several other equities research analysts also recently issued reports on AVEX. Bank of America initiated coverage on shares of AEVEX in a research report on Tuesday. They set a “buy” rating and a $34.00 price objective for the company. Wall Street Zen raised shares of AEVEX to a “hold” rating in a research report on Saturday, April 25th. The Goldman Sachs Group initiated coverage on shares of AEVEX in a research report on Tuesday. They issued a “buy” rating and a $34.00 target price for the company. Robert W. Baird initiated coverage on shares of AEVEX in a research report on Tuesday. They issued an “outperform” rating and a $38.00 target price for the company. Finally, Royal Bank Of Canada initiated coverage on shares of AEVEX in a research report on Tuesday. They issued an “outperform” rating and a $31.00 target price for the company. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $36.17.
Read Our Latest Analysis on AEVEX
AEVEX Trading Down 2.9%
Insider Buying and Selling
In related news, insider Brett P. Hush bought 10,000 shares of AEVEX stock in a transaction that occurred on Thursday, April 16th. The stock was acquired at an average price of $20.00 per share, with a total value of $200,000.00. Following the acquisition, the insider owned 10,000 shares of the company’s stock, valued at approximately $200,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Raduenz bought 50,000 shares of AEVEX stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average cost of $20.00 per share, with a total value of $1,000,000.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at $1,000,000. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 74,150 shares of company stock valued at $1,483,000.
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