AEVEX Corp. (NYSE:AVEX) Stock Has Average Price Target of $28.73 According to Analysts

Key Points

• Analysts rate AEVEX “Moderate Buy”: Eleven of 14 covering brokerages recommend buying the stock, while two rate it a hold and one recommends selling. The average 12-month price target is $28.73.
• AVEX opened at $11.57, down 5.3%, with a market capitalization of approximately $1.32 billion. Its stock has traded between $9.64 and $42.34 over the past year.
• AEVEX’s latest quarterly revenue nearly doubled year over year to $201.79 million, surpassing expectations, but earnings of $0.01 per share fell short of the $0.06 consensus estimate.

AEVEX Corp. (NYSE:AVEX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $28.73.

AVEX has been the subject of several research reports. UBS Group set a $13.00 price target on AEVEX in a research note on Thursday, October 22nd. Needham & Company LLC reiterated a "buy" rating and set a $45.00 target price on shares of AEVEX in a research report on Thursday, August 13th. Weiss Ratings started coverage on AEVEX in a research report on Friday, August 14th. They issued a "sell (d)" rating for the company. Jefferies Financial Group reissued a "buy" rating on shares of AEVEX in a research note on Thursday, October 22nd. Finally, Oppenheimer started coverage on shares of AEVEX in a research note on Thursday, October 22nd. They issued an "outperform" rating and a $21.00 price objective for the company.

AEVEX Stock Down 5.3%

AVEX stock opened at $11.57 on Tuesday. AEVEX has a 12-month low of $9.64 and a 12-month high of $42.34. The company has a current ratio of 5.66, a quick ratio of 5.50 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average price of $15.09. The firm has a market capitalization of $1.32 billion and a price-to-earnings ratio of 36.16.

AEVEX (NYSE:AVEX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.05). The business had revenue of $201.79 million during the quarter, compared to analysts' expectations of $155.15 million. The firm's revenue was up 99.5% on a year-over-year basis. Research analysts expect that AEVEX will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AVEX. Pilgrim Partners Asia Pte Ltd bought a new stake in AEVEX in the third quarter valued at approximately $30,000. State of Alaska Department of Revenue purchased a new position in shares of AEVEX in the third quarter worth $45,000. SBI Securities Co. Ltd. increased its stake in shares of AEVEX by 157.2% in the third quarter. SBI Securities Co. Ltd. now owns 5,402 shares of the company's stock worth $82,000 after buying an additional 3,302 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in AEVEX during the 3rd quarter valued at $130,000. Finally, HighTower Advisors LLC bought a new stake in AEVEX during the 2nd quarter valued at $269,000.

About AEVEX

AEVEX Aerospace, Inc is a defense technology company that develops and delivers advanced systems and mission solutions for national security customers. Its work focuses on intelligence, surveillance and reconnaissance (ISR), special operations, unmanned systems, electronic warfare, and other complex aerospace and defense missions.

The company provides missionized aircraft and unmanned aerial systems, payloads, sensors, communications equipment, data and intelligence capabilities, and related engineering and integration services.

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