Shares of AEVEX Corp. (NYSE:AVEX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $33.8889.
AVEX has been the subject of several recent research reports. Weiss Ratings started coverage on AEVEX in a report on Friday, August 14th. They issued a "sell (d)" rating for the company. Jefferies Financial Group reissued a "buy" rating and set a $33.00 price objective on shares of AEVEX in a report on Monday, May 25th. Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of AEVEX in a research report on Thursday, August 13th. JPMorgan Chase & Co. upped their target price on AEVEX from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, May 26th. Finally, Piper Sandler started coverage on AEVEX in a research report on Wednesday, September 2nd. They issued a "neutral" rating and a $20.00 target price for the company.
View Our Latest Stock Report on AEVEX
AEVEX Stock Performance
NYSE:AVEX opened at $16.13 on Monday. The stock's 50-day moving average is $17.56. AEVEX has a 52-week low of $13.07 and a 52-week high of $42.34. The company has a debt-to-equity ratio of 1.15, a quick ratio of 5.50 and a current ratio of 5.66. The company has a market cap of $1.84 billion and a P/E ratio of 50.41.
AEVEX (NYSE:AVEX - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $201.79 million for the quarter, compared to analyst estimates of $155.15 million. AEVEX's revenue was up 99.5% on a year-over-year basis. Equities analysts predict that AEVEX will post 0.51 EPS for the current year.
Key Headlines Impacting AEVEX
Here are the key news stories impacting AEVEX this week:
Hedge Funds Weigh In On AEVEX
Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System bought a new position in shares of AEVEX during the 2nd quarter worth about $109,000. HighTower Advisors LLC bought a new stake in AEVEX in the second quarter valued at about $269,000. WINTON GROUP Ltd bought a new stake in AEVEX in the second quarter valued at about $343,000. Readystate Asset Management LP acquired a new position in AEVEX in the second quarter worth about $1,044,000. Finally, Concurrent Investment Advisors LLC acquired a new position in AEVEX in the second quarter worth about $2,381,000.
AEVEX Company Profile
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Get Free Report)
AEVEX Aerospace, Inc is a defense and aerospace company that develops and delivers mission-focused technologies and services for government and defense customers. Its work centers on intelligence, surveillance and reconnaissance, electronic warfare, uncrewed aircraft systems, and other specialized airborne capabilities.
The company provides engineering, aircraft modification, systems integration, training, maintenance, and operational support. Its offerings are designed to help customers collect and analyze intelligence, operate in contested electromagnetic environments, conduct airborne missions, and address emerging threats such as unmanned systems.
AEVEX serves U.S.
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