Bank of America Begins Coverage on Applied Aerospace & Defense (NYSE:AADX)

Equities researchers at Bank of America started coverage on shares of Applied Aerospace & Defense (NYSE:AADX) in a research note issued to investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $24.00 price target on the stock. Bank of America‘s target price would suggest a potential upside of 16.50% from the stock’s previous close.

AADX has been the subject of a number of other research reports. Morgan Stanley set a $23.00 price target on Applied Aerospace & Defense in a research report on Monday. UBS Group set a $24.00 price objective on shares of Applied Aerospace & Defense in a report on Sunday. Wall Street Zen raised shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus set a $24.00 target price on shares of Applied Aerospace & Defense in a report on Monday. Finally, Jefferies Financial Group assumed coverage on shares of Applied Aerospace & Defense in a research report on Sunday. They issued a “buy” rating and a $25.00 target price for the company. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $25.00.

Applied Aerospace & Defense Stock Up 0.3%

NYSE:AADX opened at $20.60 on Monday. Applied Aerospace & Defense has a 52-week low of $17.08 and a 52-week high of $23.00.

Insider Buying and Selling at Applied Aerospace & Defense

In related news, Director Susan D. Lynch acquired 8,000 shares of Applied Aerospace & Defense stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of $20.00 per share, with a total value of $160,000.00. Following the completion of the transaction, the director directly owned 8,000 shares in the company, valued at $160,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Katzman bought 25,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were bought at an average price of $20.00 per share, with a total value of $500,000.00. Following the purchase, the director owned 29,250 shares in the company, valued at $585,000. The trade was a 588.24% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 58,500 shares of company stock valued at $1,170,000 in the last quarter.