Applied Aerospace & Defense, Inc. (NYSE:AADX) Stock Has Consensus Target Price of $23.11 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Applied Aerospace & Defense, with five buy, two strong-buy, two hold, and one sell rating. The average 12-month price target is $23.11, roughly double the stock’s $11.16 opening price, although several firms recently lowered their targets.
• The stock has fallen 5.6% and trades near the lower end of its 52-week range of $9.40 to $24.24. Its market capitalization is approximately $1.92 billion, and it has a negative P/E ratio of -44.64.
• Quarterly results were sharply below expectations: the company reported a loss of $1.04 per share versus analysts’ expectation of $0.01, on revenue of $167.32 million. Analysts expect a full-year loss of approximately $0.61 per share.

Shares of Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $23.11.

A number of research firms have recently issued reports on AADX. Bank of America reduced their price target on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, August 14th. Weiss Ratings assumed coverage on shares of Applied Aerospace & Defense in a research report on Friday, August 28th. They set a "sell (d)" rating on the stock. Morgan Stanley dropped their price objective on shares of Applied Aerospace & Defense from $24.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, October 16th. Jefferies Financial Group set a $20.00 target price on shares of Applied Aerospace & Defense in a research report on Monday, October 5th. Finally, Royal Bank Of Canada decreased their target price on shares of Applied Aerospace & Defense from $21.00 to $18.00 and set an "outperform" rating for the company in a research note on Wednesday.

Applied Aerospace & Defense Trading Down 5.6%

Shares of Applied Aerospace & Defense stock opened at $11.16 on Friday. The business has a 50-day simple moving average of $12.06. The stock has a market cap of $1.92 billion and a P/E ratio of -44.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.08 and a current ratio of 2.51. Applied Aerospace & Defense has a 1 year low of $9.40 and a 1 year high of $24.24.

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

Institutional Trading of Applied Aerospace & Defense

Several hedge funds and other institutional investors have recently modified their holdings of AADX. Wellington Management Group LLP purchased a new position in Applied Aerospace & Defense in the second quarter valued at about $8,373,000. Bfsg LLC acquired a new position in Applied Aerospace & Defense in the 3rd quarter worth about $1,882,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Applied Aerospace & Defense during the 2nd quarter worth about $3,044,000. Squarepoint Ops LLC purchased a new stake in shares of Applied Aerospace & Defense during the 2nd quarter worth about $1,232,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Applied Aerospace & Defense during the 2nd quarter worth about $752,000.

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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