Applied Aerospace & Defense, Inc. (NYSE:AADX) Stock Has Average Price Target of $24.67

Key Points

• Analysts rate Applied Aerospace & Defense a “Moderate Buy”, with five buy, two strong-buy, two hold and one sell recommendation. The average 12-month price target is $24.67, compared with the stock’s $11.83 opening price.
• Several institutional investors recently initiated positions, led by Wellington Management with an approximately $8.4 million investment, alongside new stakes from Metzler, Squarepoint Ops and Readystate Asset Management.
• The company reported a significant quarterly earnings miss, posting a loss of $1.04 per share versus the consensus estimate of $0.01, while generating $167.32 million in revenue. Analysts expect a full-year loss of $0.61 per share.

Shares of Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report) have been given an average rating of "Moderate Buy" by the ten analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.67.

A number of research analysts have issued reports on the stock. Robert W. Baird assumed 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. Guggenheim began coverage on shares of Applied Aerospace & Defense in a report on Monday, September 14th. They set a "buy" rating and a $30.00 price target for the company. Royal Bank Of Canada initiated coverage on shares of Applied Aerospace & Defense in a research report on Monday, June 29th. They issued a "moderate buy" rating and a $24.00 price objective for the company. Wall Street Zen raised shares of Applied Aerospace & Defense from a "sell" rating to a "hold" rating in a research note on Saturday, June 27th. Finally, Zacks Research upgraded shares of Applied Aerospace & Defense to a "hold" rating in a research report on Tuesday, June 30th.

Institutional Investors Weigh In On Applied Aerospace & Defense

Several hedge funds have recently made changes to their positions in AADX. Wellington Management Group LLP acquired a new position in Applied Aerospace & Defense in the second quarter valued at $8,373,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in Applied Aerospace & Defense in the 2nd quarter worth about $3,044,000. Squarepoint Ops LLC acquired a new stake in Applied Aerospace & Defense in the 2nd quarter worth about $1,232,000. Finally, Readystate Asset Management LP purchased a new stake in Applied Aerospace & Defense in the 2nd quarter valued at about $752,000.

Applied Aerospace & Defense Price Performance

Applied Aerospace & Defense stock opened at $11.83 on Wednesday. Applied Aerospace & Defense has a fifty-two week low of $11.25 and a fifty-two week high of $24.24. The business's fifty day moving average is $14.87. The company has a quick ratio of 2.08, a current ratio of 2.51 and a debt-to-equity ratio of 0.51.

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

Applied Aerospace & Defense Company Profile

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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