AEVEX Corp. (NYSE:AVEX) Receives Consensus Rating of “Moderate Buy” from Analysts

AEVEX Corp. (NYSE:AVEX) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.6250.

A number of research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of AEVEX in a report on Thursday, May 21st. Bank of America assumed coverage on AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock. Raymond James Financial assumed coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $35.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $33.00 price target on shares of AEVEX in a report on Monday, May 25th. Finally, Wall Street Zen raised AEVEX to a “hold” rating in a research note on Saturday, April 25th.

Insider Transactions at AEVEX

In other news, CFO Todd Booth acquired 13,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were acquired at an average cost of $20.00 per share, with a total value of $260,000.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Brian Raduenz acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $1,000,000.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at approximately $1,000,000. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 74,150 shares of company stock valued at $1,483,000 in the last ninety days.

AEVEX Stock Down 7.2%

NYSE AVEX opened at $22.83 on Friday. AEVEX has a 12 month low of $22.27 and a 12 month high of $42.34.