Analysts Set AEVEX Corp. (NYSE:AVEX) PT at $35.62

Shares of AEVEX Corp. (NYSE:AVEXGet Free Report) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $35.6250.

Several equities analysts have weighed in on AVEX shares. Jefferies Financial Group restated a “buy” rating and set a $33.00 price objective on shares of AEVEX in a research note on Monday, May 25th. Bank of America started coverage on shares of AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of AEVEX in a report on Thursday, May 21st. The Goldman Sachs Group initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of AEVEX from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th.

Check Out Our Latest Research Report on AVEX

Insider Activity

In other news, Director Brian Raduenz purchased 50,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was bought at an average cost of $20.00 per share, for a total transaction of $1,000,000.00. Following the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at $1,000,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brett P. Hush purchased 10,000 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average cost of $20.00 per share, with a total value of $200,000.00. Following the transaction, the insider directly owned 10,000 shares in the company, valued at $200,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 74,150 shares of company stock valued at $1,483,000 in the last three months.

AEVEX Trading Down 11.2%

NYSE:AVEX opened at $17.41 on Wednesday. AEVEX has a one year low of $15.07 and a one year high of $42.34. The firm has a market cap of $1.99 billion and a P/E ratio of 69.64. The stock’s 50 day simple moving average is $24.56.

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Analyst Recommendations for AEVEX (NYSE:AVEX)

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