Applied Aerospace & Defense, Inc. (NYSE:AADX) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Applied Aerospace & Defense “Moderate Buy”, with five buy ratings, one strong buy, two holds and one sell among nine analysts. The average 12-month price target is $24.625, with targets including Robert W. Baird’s $30 forecast.
• The company reported a significant quarterly earnings miss, posting ($1.04) in EPS versus the $0.01 consensus estimate, while revenue totaled $167.32 million. Analysts expect full-year EPS of approximately ($0.61).
• Institutional interest increased as Wellington Management, B. Metzler, Squarepoint Ops and Readystate Asset Management established new positions during the second quarter.

Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.6250.

A number of equities research analysts have recently weighed in on AADX shares. Wall Street Zen raised Applied Aerospace & Defense from a "sell" rating to a "hold" rating in a research note on Saturday, June 27th. Zacks Research raised Applied Aerospace & Defense to a "hold" rating in a research note on Tuesday, June 30th. Morgan Stanley lifted their price target on Applied Aerospace & Defense from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. Jefferies Financial Group raised Applied Aerospace & Defense to a "strong-buy" rating in a research note on Monday, June 29th. Finally, Robert W. Baird started coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They issued an "outperform" rating and a $30.00 target price on the stock.

Applied Aerospace & Defense Trading Up 5.6%

Shares of NYSE AADX opened at $12.19 on Friday. Applied Aerospace & Defense has a one year low of $11.39 and a one year high of $24.24. The company's 50 day simple moving average is $17.21.

Applied Aerospace & Defense (NYSE:AADX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($1.05). The firm had revenue of $167.32 million for the quarter. As a group, sell-side analysts predict that Applied Aerospace & Defense will post -0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Applied Aerospace & Defense

Several institutional investors have recently added to or reduced their stakes in AADX. Readystate Asset Management LP purchased a new position in shares of Applied Aerospace & Defense in the second quarter valued at about $752,000. Squarepoint Ops LLC bought a new position in shares of Applied Aerospace & Defense during the second quarter valued at about $1,232,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Applied Aerospace & Defense during the second quarter worth about $3,044,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Applied Aerospace & Defense during the second quarter worth about $8,373,000.

About Applied Aerospace & Defense

Applied Aerospace and Defense Inc specializes in providing advanced design, engineering and vertically integrated manufacturing solutions for next-generation space and defense technology companies. Its core service offerings include design and analysis, fabrication and assembly and inspection, qualification and testing. Applied Aerospace and Defense Inc is based in HUNTSVILLE, United States.

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