AEVEX (NYSE:AVEX) Given Buy Rating at Needham & Company LLC

AEVEX (NYSE:AVEX)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports. They currently have a $45.00 target price on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 99.73% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on AEVEX from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Royal Bank Of Canada initiated coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $31.00 price target on the stock. Raymond James Financial began coverage on shares of AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $35.00 target price for the company. The Goldman Sachs Group started coverage on AEVEX in a report on Tuesday, May 12th. They set a “buy” rating and a $34.00 target price on the stock. Finally, Jefferies Financial Group restated a “buy” rating and set a $33.00 target price on shares of AEVEX in a research report on Monday, May 25th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.62.

AEVEX Trading Up 1.7%

Shares of NYSE AVEX opened at $22.53 on Thursday. The company has a quick ratio of 2.63, a current ratio of 2.69 and a debt-to-equity ratio of 1.15. The company has a fifty day moving average price of $18.43. AEVEX has a one year low of $13.07 and a one year high of $42.34. The firm has a market capitalization of $2.57 billion and a price-to-earnings ratio of 90.12.

Insider Buying and Selling

In other AEVEX news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $25.99, for a total value of $59,097,179.57. Following the completion of the transaction, the insider directly owned 22,861,457 shares of the company’s stock, valued at approximately $594,169,267.43. The trade was 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 accessible through the SEC website.

AEVEX Company Profile

AEVEX Corp. is a holding company which designs, manufactures and provides autonomous systems and navigation technologies. The company’s operating segment includes tactical systems and global solutions. AEVEX Corp. is based in Solana Beach, California.