Applied Aerospace & Defense (NYSE:AADX) Stock Price Target Cut by Stifel Nicolaus

Applied Aerospace & Defense (NYSE:AADX – Get Free Report) had its price objective cut by stock analysts at Stifel Nicolaus from $24.00 to $18.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s target price would suggest a potential upside of 94.59% from the company’s current price.

Several other equities research analysts have also recently weighed in on AADX. Weiss Ratings assumed coverage on Applied Aerospace & Defense in a research note on Friday, August 28th. They issued a “sell (d)” rating for the company. Morgan Stanley lowered their price objective on Applied Aerospace & Defense from $24.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Guggenheim started coverage on Applied Aerospace & Defense in a research note on Monday, September 14th. They issued a “buy” rating and a $30.00 price objective on the stock. Bank of America reduced their target price on Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Finally, Jefferies Financial Group set a $20.00 target price on Applied Aerospace & Defense in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.56.

View Our Latest Analysis on AADX

Applied Aerospace & Defense Stock Down 13.7%

NYSE AADX opened at $9.25 on Thursday. The firm has a market capitalization of $1.59 billion and a P/E ratio of -37.00. The company has a quick ratio of 2.08, a current ratio of 2.51 and a debt-to-equity ratio of 0.51. Applied Aerospace & Defense has a twelve month low of $8.40 and a twelve month high of $24.24. The firm has a fifty day moving average of $11.44.

Applied Aerospace & Defense (NYSE:AADX – Get Free Report) last announced its earnings results on Thursday, November 12th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.09 by $0.09. The company had revenue of $182.06 million for the quarter. Research analysts expect that Applied Aerospace & Defense will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Applied Aerospace & Defense

A number of hedge funds have recently bought and sold shares of the company. State Street Corp acquired a new position in Applied Aerospace & Defense in the third quarter valued at $7,172,000. Voya Investment Management LLC acquired a new stake in Applied Aerospace & Defense during the 3rd quarter worth about $21,368,000. Roubaix Capital LLC raised its position in shares of Applied Aerospace & Defense by 98.3% in the 3rd quarter. Roubaix Capital LLC now owns 508,131 shares of the company’s stock worth $6,113,000 after acquiring an additional 251,891 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Applied Aerospace & Defense by 224.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 811,000 shares of the company’s stock worth $9,756,000 after acquiring an additional 561,000 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Applied Aerospace & Defense in the 3rd quarter worth about $241,000.

Key Headlines Impacting Applied Aerospace & Defense

Here are a few of the latest headlines about AADX:

Applied Aerospace & Defense Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Applied Aerospace & Defense (NYSE:AADX)

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