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

AEVEX Corp. (NYSE:AVEX) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $35.6250.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of AEVEX from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Raymond James Financial assumed coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating and a $35.00 price objective on the stock. William Blair assumed coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating on the stock. Bank of America assumed coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of AEVEX in a research note on Thursday, May 21st.

Insider Activity at AEVEX

In related news, insider Brett P. Hush acquired 10,000 shares of the stock in a transaction dated Thursday, April 16th. The stock was bought at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the purchase, the insider directly owned 10,000 shares of the company’s stock, valued at $200,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd Booth acquired 13,000 shares of the stock in a transaction dated Thursday, April 16th. The stock was bought at an average price of $20.00 per share, with a total value of $260,000.00. Following the purchase, the chief financial officer directly owned 13,000 shares in the company, valued at $260,000. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 74,150 shares of company stock worth $1,483,000.

AEVEX Stock Performance

Shares of NYSE AVEX opened at $21.08 on Wednesday. AEVEX has a 52-week low of $15.07 and a 52-week high of $42.34. The stock has a 50 day moving average price of $25.81.