AEVEX Corp. (NYSE:AVEX) Stock Has Consensus Target Price of $33.11 According to Analysts

AEVEX Corp. (NYSE:AVEX – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $33.11.

AVEX has been the topic of several research reports. Weiss Ratings began coverage on shares of AEVEX in a report on Friday, August 14th. They set a “sell (d)” rating on the stock. Jefferies Financial Group began coverage on shares of AEVEX in a report on Wednesday, September 23rd. They set a “buy” rating and a $26.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of AEVEX in a research report on Thursday, August 13th. Finally, Piper Sandler assumed coverage on AEVEX in a research note on Wednesday, September 2nd. They issued a “neutral” rating and a $20.00 price target on the stock.

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Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AVEX. State Street Corp bought a new position in shares of AEVEX during the second quarter valued at $6,885,000. WINTON GROUP Ltd bought a new stake in shares of AEVEX in the 2nd quarter worth about $343,000. HighTower Advisors LLC bought a new stake in shares of AEVEX in the 2nd quarter worth about $269,000. Readystate Asset Management LP acquired a new stake in shares of AEVEX during the 2nd quarter worth about $1,044,000. Finally, Concurrent Investment Advisors LLC bought a new stake in AEVEX during the second quarter worth about $2,381,000.

AEVEX Stock Performance

NYSE AVEX opened at $14.64 on Friday. AEVEX has a twelve month low of $13.07 and a twelve month high of $42.34. The company has a quick ratio of 5.50, a current ratio of 5.66 and a debt-to-equity ratio of 1.15. The firm has a market cap of $1.67 billion and a PE ratio of 45.75. The business’s 50-day simple moving average is $17.41.

AEVEX (NYSE:AVEX – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $201.79 million during the quarter, compared to analysts’ expectations of $155.15 million. The firm’s quarterly revenue was up 99.5% on a year-over-year basis. As a group, equities research analysts forecast that AEVEX will post 0.51 EPS for the current fiscal year.

About AEVEX

(Get Free Report)

AEVEX Aerospace (NYSE: AVEX) is a defense technology company that develops and delivers aerospace, autonomous systems, and national security solutions. The company supports government and defense customers with capabilities spanning intelligence, surveillance and reconnaissance, precision effects, mission systems, and operational support.

Its offerings include unmanned aircraft systems, autonomous platforms, specialized payloads, counter-unmanned aircraft technologies, signals intelligence and geospatial intelligence solutions, as well as mission planning, training, sustainment, and modernization services.

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