AEVEX Corp. (NYSE:AVEX – Get Free Report) shares dropped 6.7% on Monday . The stock traded as low as $20.01 and last traded at $20.09. Approximately 455,591 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 2,439,096 shares. The stock had previously closed at $21.54.
Wall Street Analyst Weigh In
A number of research firms have recently commented on AVEX. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of AEVEX in a report on Thursday, August 13th. William Blair initiated coverage on AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating for the company. Raymond James Financial initiated coverage on shares of AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $35.00 price target on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $33.00 price objective on shares of AEVEX in a research note on Monday, May 25th. Finally, Robert W. Baird began coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 target price on the stock. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AEVEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.62.
Read Our Latest Stock Report on AEVEX
AEVEX Price Performance
AEVEX (NYSE:AVEX – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). The business had revenue of $201.79 million during the quarter, compared to analysts’ expectations of $155.15 million. The business’s revenue was up 99.5% on a year-over-year basis. On average, sell-side analysts expect that AEVEX Corp. will post 0.44 EPS for the current year.
Insider Activity
In related news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the sale, the insider directly owned 22,861,457 shares of the company’s stock, valued at approximately $594,169,267.43. This represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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.
Read More
- Five stocks we like better than AEVEX
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for AEVEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AEVEX and related companies with MarketBeat.com's FREE daily email newsletter.
