AEVEX Corp. (NYSE:AVEX) Receives $36.17 Average Price Target from Brokerages

AEVEX Corp. (NYSE:AVEX) has been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.25.

Several research firms recently commented on AVEX. JPMorgan Chase & Co. began coverage on AEVEX in a research report on Tuesday, May 12th. They set an “overweight” rating and a $33.00 price objective on the stock. Needham & Company LLC began coverage on AEVEX in a research report on Tuesday, May 12th. They issued a “buy” rating and a $45.00 target price on the stock. Zacks Research raised AEVEX to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group began coverage on AEVEX in a research report on Tuesday. They issued a “buy” rating and a $34.00 target price on the stock. Finally, Wall Street Zen raised AEVEX to a “hold” rating in a research report on Saturday, April 25th.

AEVEX Stock Performance

AEVEX stock opened at $25.02 on Tuesday. AEVEX has a one year low of $22.27 and a one year high of $42.34.

Insiders Place Their Bets

In other news, insider Brett P. Hush bought 10,000 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $20.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the insider owned 10,000 shares of the company’s stock, valued at approximately $200,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Todd Booth bought 13,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $260,000.00. Following the completion of the transaction, the chief financial officer directly owned 13,000 shares of the company’s stock, valued at approximately $260,000. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 74,150 shares of company stock valued at $1,483,000.