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

Shares of AEVEX Corp. (NYSE:AVEX – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $35.6250.

A number of research firms recently weighed in on AVEX. The Goldman Sachs Group began 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. Royal Bank Of Canada started coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $31.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and set a $33.00 price target on shares of AEVEX in a report on Monday, May 25th. Bank of America began coverage on AEVEX in a research report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target for the company. Finally, William Blair began coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating on the stock.

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Insiders Place Their Bets

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

AEVEX Stock Performance

AVEX 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’s 50 day moving average price is $18.20. The stock has a market cap of $2.16 billion and a P/E ratio of 59.09. The company has a debt-to-equity ratio of 1.15, a current ratio of 5.66 and a quick ratio of 5.50.

AEVEX (NYSE:AVEX – Get Free Report) last released its earnings results 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 firm 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% compared to the same quarter last year. Sell-side analysts forecast that AEVEX will post 0.44 earnings per share for the current year.

AEVEX Company Profile

(Get Free Report)

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.

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