AEVEX Corp. (NYSE:AVEX – Get Free Report) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $28.73.
AVEX has been the subject of several research analyst reports. Piper Sandler dropped their target price on shares of AEVEX from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, October 22nd. Jefferies Financial Group reiterated a “buy” rating on shares of AEVEX in a research report on Thursday, October 22nd. Royal Bank Of Canada decreased their target price on AEVEX from $26.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, October 22nd. Weiss Ratings started coverage on AEVEX in a research report on Friday, August 14th. They set a “sell (d)” rating on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of AEVEX in a research note on Thursday, August 13th.
Read Our Latest Stock Analysis on AVEX
Hedge Funds Weigh In On AEVEX
A number of institutional investors and hedge funds have recently made changes to their positions in AVEX. Alyeska Investment Group L.P. purchased a new position in shares of AEVEX during the second quarter valued at approximately $19,903,000. Concurrent Investment Advisors LLC purchased a new stake in shares of AEVEX in the 2nd quarter worth approximately $2,381,000. State Street Corp purchased a new stake in shares of AEVEX in the 2nd quarter worth approximately $6,885,000. Readystate Asset Management LP purchased a new stake in shares of AEVEX in the 2nd quarter worth approximately $1,044,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in AEVEX during the 3rd quarter valued at approximately $130,000.
AEVEX Stock Down 5.3%
Shares of AVEX stock opened at $11.57 on Tuesday. The business has a fifty day simple moving average of $15.09. AEVEX has a 52 week low of $9.64 and a 52 week high of $42.34. The stock has a market capitalization of $1.32 billion and a price-to-earnings ratio of 36.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 5.66 and a quick ratio of 5.50.
AEVEX (NYSE:AVEX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The business had revenue of $201.79 million for the quarter, compared to analyst estimates of $155.15 million. The company’s quarterly revenue was up 99.5% compared to the same quarter last year. Equities research analysts anticipate that AEVEX will post 0.48 earnings per share for the current year.
AEVEX Company Profile
AEVEX Aerospace, Inc is a defense technology company that develops and delivers advanced systems and mission solutions for national security customers. Its work focuses on intelligence, surveillance and reconnaissance (ISR), special operations, unmanned systems, electronic warfare, and other complex aerospace and defense missions.
The company provides missionized aircraft and unmanned aerial systems, payloads, sensors, communications equipment, data and intelligence capabilities, and related engineering and integration services.
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