Applied Aerospace & Defense (NYSE:AADX) Rating Increased to Moderate Buy at Royal Bank Of Canada

Applied Aerospace & Defense (NYSE:AADX) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms also recently weighed in on AADX. Wolfe Research assumed coverage on Applied Aerospace & Defense in a research report on Monday. They set an “outperform” rating and a $23.00 price target for the company. Wall Street Zen upgraded Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research report on Saturday. Robert W. Baird began coverage on Applied Aerospace & Defense in a research note on Monday. They set an “outperform” rating and a $30.00 price objective on the stock. Morgan Stanley began coverage on Applied Aerospace & Defense in a research report on Monday. They set an “equal weight” rating and a $23.00 price objective for the company. Finally, Bank of America began coverage on shares of Applied Aerospace & Defense in a research note on Monday. They issued a “buy” rating and a $24.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Applied Aerospace & Defense presently has an average rating of “Buy” and an average price target of $24.62.

Applied Aerospace & Defense Trading Up 0.8%

Shares of Applied Aerospace & Defense stock opened at $20.69 on Monday. Applied Aerospace & Defense has a 1 year low of $17.08 and a 1 year high of $23.00.

Insider Buying and Selling at Applied Aerospace & Defense

In other Applied Aerospace & Defense news, Director Susan D. Lynch purchased 8,000 shares of Applied Aerospace & Defense stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $20.00 per share, with a total value of $160,000.00. Following the purchase, the director directly owned 8,000 shares in the company, valued at $160,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey L. Mcrae acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the acquisition, the chief financial officer directly owned 25,000 shares of the company’s stock, valued at approximately $500,000. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 58,500 shares of company stock worth $1,170,000.