AEVEX (NYSE:AVEX) Stock Price Up 4.1% – Should You Buy?

AEVEX Corp. (NYSE:AVEX)’s share price shot up 4.1% on Monday . The company traded as high as $18.57 and last traded at $17.90. Approximately 2,814,533 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 2,732,921 shares. The stock had previously closed at $17.20.

Analysts Set New Price Targets

AVEX has been the topic of a number of research reports. Robert W. Baird initiated coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 price target on the stock. Raymond James Financial started coverage on shares of AEVEX in a research note on Tuesday, May 12th. They set an “outperform” rating and a $35.00 price objective on the stock. The Goldman Sachs Group started coverage on AEVEX in a research note on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on AEVEX from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Bank of America initiated coverage on shares of AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, AEVEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.62.

AEVEX Stock Down 6.0%

The stock’s fifty day moving average price is $25.81.

Insider Activity at AEVEX

In related news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the sale, the insider directly owned 22,861,457 shares of the company’s stock, valued at approximately $594,169,267.43. This represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian Raduenz bought 50,000 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $1,000,000.00. Following the completion of the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at $1,000,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 74,150 shares of company stock valued at $1,483,000 in the last 90 days.