AEVEX (NYSE:AVEX) Given New $26.00 Price Target at Royal Bank Of Canada

AEVEX (NYSE:AVEX) had its price objective trimmed by Royal Bank Of Canada from $31.00 to $26.00 in a report released on Monday, MarketBeat reports. The firm currently has an outperform rating on the stock.

AVEX has been the topic of several other reports. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of AEVEX in a report on Thursday, August 13th. Weiss Ratings assumed coverage on shares of AEVEX in a report on Friday, August 14th. They issued a “sell (d)” rating for the company. Jefferies Financial Group assumed coverage on shares of AEVEX in a report on Wednesday, September 23rd. They issued a “buy” rating and a $26.00 price target for the company. Finally, Piper Sandler assumed coverage on shares of AEVEX in a research report on Wednesday, September 2nd. They set a “neutral” rating and a $20.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AEVEX presently has an average rating of “Moderate Buy” and an average target price of $32.56.

AEVEX Trading Down 1.8%

AVEX stock opened at $14.36 on Monday. AEVEX has a 1-year low of $13.07 and a 1-year high of $42.34. The company has a current ratio of 5.66, a quick ratio of 5.50 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $1.64 billion and a price-to-earnings ratio of 44.88. The business’s 50-day simple moving average is $17.34.

AEVEX (NYSE:AVEX) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). The business had revenue of $201.79 million during the quarter, compared to the consensus estimate of $155.15 million. The firm’s quarterly revenue was up 99.5% compared to the same quarter last year. On average, analysts forecast that AEVEX will post 0.51 earnings per share for the current year.

Institutional Trading of AEVEX

Institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. acquired a new stake in AEVEX in the 2nd quarter valued at approximately $19,903,000. State Street Corp bought a new stake in AEVEX in the 2nd quarter valued at approximately $6,885,000. Concurrent Investment Advisors LLC bought a new stake in AEVEX in the 2nd quarter valued at approximately $2,381,000. Readystate Asset Management LP acquired a new position in AEVEX during the 2nd quarter worth approximately $1,044,000. Finally, WINTON GROUP Ltd acquired a new position in AEVEX during the 2nd quarter worth approximately $343,000.

AEVEX Company Profile

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.