AEVEX (NYSE:AVEX) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

AEVEX (NYSE:AVEXGet Free Report) had its price target raised by stock analysts at JPMorgan Chase & Co. from $33.00 to $35.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 22.81% from the stock’s previous close.

AVEX has been the subject of a number of other research reports. Royal Bank Of Canada assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $31.00 price objective for the company. William Blair assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating for the company. Bank of America assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set a “buy” rating and a $34.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of AEVEX in a research report on Thursday, May 21st. Finally, Wall Street Zen raised AEVEX to a “hold” rating in a research report on Saturday, April 25th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.63.

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AEVEX Stock Performance

Shares of AVEX traded up $1.68 on Tuesday, reaching $28.50. The stock had a trading volume of 1,177,428 shares, compared to its average volume of 2,623,700. AEVEX has a 12-month low of $22.27 and a 12-month high of $42.34.

Insiders Place Their Bets

In other AEVEX news, CFO Todd Booth bought 13,000 shares of AEVEX stock in a transaction on Thursday, April 16th. The stock was acquired at an average price of $20.00 per share, with a total value of $260,000.00. Following the acquisition, the chief financial officer owned 13,000 shares in the company, valued at approximately $260,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Raduenz bought 50,000 shares of AEVEX stock in a transaction on Thursday, April 16th. The stock was acquired at an average cost of $20.00 per share, with a total value of $1,000,000.00. Following the acquisition, the director owned 50,000 shares in the company, valued at approximately $1,000,000. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 74,150 shares of company stock valued at $1,483,000.

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