AEVEX Corp. (NYSE:AVEX – Get Free Report) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $35.6250.
AVEX has been the topic of several research analyst reports. Robert W. Baird began coverage on AEVEX in a research note on Tuesday, May 12th. They set an “outperform” rating and a $38.00 price objective on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $33.00 target price on shares of AEVEX in a research note on Monday, May 25th. JPMorgan Chase & Co. increased their target price on shares of AEVEX from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Royal Bank Of Canada started coverage on shares of AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating and a $31.00 target price on the stock. Finally, William Blair initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating on the stock.
Get Our Latest Research Report on AVEX
AEVEX Trading Up 4.5%
Insider Buying and Selling at AEVEX
In related news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the sale, the insider owned 22,861,457 shares in the company, valued at $594,169,267.43. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
AEVEX Corp. is an industrials company in the Aerospace & Defense industry.
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