Shares of Applied Aerospace & Defense, Inc. (NYSE:AADX – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.11.
A number of analysts have recently issued reports on the company. Jefferies Financial Group set a $20.00 target price on Applied Aerospace & Defense in a research report on Monday, October 5th. Weiss Ratings initiated coverage on Applied Aerospace & Defense in a report on Friday, August 28th. They issued a “sell (d)” rating for the company. Bank of America lowered their price objective on Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Morgan Stanley dropped their price objective on Applied Aerospace & Defense from $24.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Finally, Royal Bank Of Canada cut their target price on Applied Aerospace & Defense from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th.
Check Out Our Latest Report on AADX
Applied Aerospace & Defense Price Performance
Applied Aerospace & Defense stock opened at $9.68 on Friday. Applied Aerospace & Defense has a 12-month low of $8.40 and a 12-month high of $24.24. The stock has a market cap of $1.67 billion and a P/E ratio of -38.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.51 and a quick ratio of 2.08. The business’s fifty day moving average price is $11.60.
Applied Aerospace & Defense (NYSE:AADX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($1.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($1.05). The business had revenue of $167.32 million for the quarter. Analysts forecast that Applied Aerospace & Defense will post -0.61 earnings per share for the current fiscal year.
Institutional Trading of Applied Aerospace & Defense
A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its stake in shares of Applied Aerospace & Defense by 1,171.1% in the third quarter. SBI Securities Co. Ltd. now owns 2,199 shares of the company’s stock worth $26,000 after buying an additional 2,026 shares during the last quarter. Fortitude Family Office LLC bought a new position in Applied Aerospace & Defense during the 3rd quarter valued at $29,000. Farther Finance Advisors LLC bought a new position in Applied Aerospace & Defense during the 3rd quarter valued at $29,000. Mountain Hill Investment Partners Corp. bought a new position in Applied Aerospace & Defense during the 3rd quarter valued at $60,000. Finally, State of Wyoming acquired a new position in Applied Aerospace & Defense during the 3rd quarter worth $80,000.
Applied Aerospace & Defense Company Profile
Applied Aerospace and Defense Inc specializes in providing advanced design, engineering and vertically integrated manufacturing solutions for next-generation space and defense technology companies. Its core service offerings include design and analysis, fabrication and assembly and inspection, qualification and testing. Applied Aerospace and Defense Inc is based in HUNTSVILLE, United States.
Further Reading
- Five stocks we like better than Applied Aerospace & Defense
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Applied Aerospace & Defense Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Aerospace & Defense and related companies with MarketBeat.com's FREE daily email newsletter.
