Applied Aerospace & Defense, Inc. (NYSE:AADX) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Applied Aerospace & Defense, Inc. (NYSE:AADX) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $24.67.

A number of equities analysts have recently commented on AADX shares. Zacks Research raised Applied Aerospace & Defense to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings assumed coverage on Applied Aerospace & Defense in a research note on Friday, August 28th. They issued a “sell (d)” rating on the stock. Wolfe Research initiated coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They issued an “outperform” rating and a $23.00 price objective on the stock. Jefferies Financial Group set a $20.00 target price on Applied Aerospace & Defense in a research report on Monday, October 5th. Finally, Robert W. Baird started coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They issued an “outperform” rating and a $30.00 target price on the stock.

Applied Aerospace & Defense Price Performance

Shares of AADX opened at $11.47 on Wednesday. Applied Aerospace & Defense has a one year low of $10.94 and a one year high of $24.24. The firm has a market capitalization of $1.98 billion and a P/E ratio of -45.88. The company has a current ratio of 2.51, a quick ratio of 2.08 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average price is $14.48.

Applied Aerospace & Defense (NYSE:AADX) last released its earnings results on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($1.05). The business had revenue of $167.32 million during the quarter. On average, analysts expect that Applied Aerospace & Defense will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in shares of Applied Aerospace & Defense in the 3rd quarter valued at approximately $29,000. Valeo Financial Advisors LLC bought a new stake in shares of Applied Aerospace & Defense during the 3rd quarter valued at approximately $120,000. Squarepoint Ops LLC bought a new stake in shares of Applied Aerospace & Defense during the 2nd quarter valued at approximately $1,232,000. Readystate Asset Management LP acquired a new position in Applied Aerospace & Defense during the 2nd quarter worth approximately $752,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in Applied Aerospace & Defense during the 2nd quarter worth approximately $3,044,000.

Applied Aerospace & Defense Company Profile

Applied Aerospace and Defense Inc specializes in providing advanced design, engineering and vertically integrated manufacturing solutions for next-generation space and defense technology companies. Its core service offerings include design and analysis, fabrication and assembly and inspection, qualification and testing. Applied Aerospace and Defense Inc is based in HUNTSVILLE, United States.