Jefferies Financial Group upgraded shares of Applied Aerospace & Defense (NYSE:AADX – Free Report) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.
Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada began coverage on shares of Applied Aerospace & Defense in a research report on Monday. They set a “moderate buy” rating and a $24.00 price target on the stock. Robert W. Baird initiated coverage on Applied Aerospace & Defense in a research note on Monday. They set an “outperform” rating and a $30.00 price objective on the stock. Stifel Nicolaus initiated coverage on Applied Aerospace & Defense in a report on Monday. They set a “buy” rating and a $24.00 target price on the stock. Wolfe Research initiated coverage on Applied Aerospace & Defense in a research report on Monday. They issued an “outperform” rating and a $23.00 target price for the company. Finally, Wall Street Zen upgraded Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Applied Aerospace & Defense presently has a consensus rating of “Buy” and a consensus price target of $24.62.
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Applied Aerospace & Defense Trading Up 8.9%
Insider Buying and Selling at Applied Aerospace & Defense
In related news, CFO Jeffrey L. Mcrae bought 25,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the purchase, the chief financial officer owned 25,000 shares of the company’s stock, valued at $500,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Katzman purchased 25,000 shares of Applied Aerospace & Defense stock in a transaction dated Thursday, June 4th. The shares were purchased at an average cost of $20.00 per share, with a total value of $500,000.00. Following the acquisition, the director owned 29,250 shares of the company’s stock, valued at approximately $585,000. This trade represents a 588.24% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 58,500 shares of company stock worth $1,170,000.
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