AEVEX (NYSE:AVEX) Upgraded by Royal Bank Of Canada to Moderate Buy Rating

AEVEX (NYSE:AVEXGet Free Report) was upgraded by research analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on the company. Needham & Company LLC assumed coverage on AEVEX in a research note on Tuesday. They set a “buy” rating and a $45.00 price objective for the company. Jefferies Financial Group assumed coverage on AEVEX in a research note on Tuesday. They set a “buy” rating and a $32.00 price objective for the company. Robert W. Baird assumed coverage on AEVEX in a research note on Tuesday. They set an “outperform” rating and a $38.00 price objective for the company. Bank of America assumed coverage on AEVEX in a research note on Tuesday. They set a “buy” rating and a $34.00 price objective for the company. Finally, Raymond James Financial assumed coverage on AEVEX in a research note on Tuesday. They set an “outperform” rating and a $35.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $35.25.

View Our Latest Analysis on AEVEX

AEVEX Trading Up 16.2%

NYSE:AVEX opened at $28.37 on Tuesday. AEVEX has a 12 month low of $22.27 and a 12 month high of $42.34.

Insider Activity

In related news, insider Brett P. Hush purchased 10,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the transaction, the insider directly owned 10,000 shares of the company’s stock, valued at approximately $200,000. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Raduenz purchased 50,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was bought at an average price of $20.00 per share, with a total value of $1,000,000.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $1,000,000. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 74,150 shares of company stock worth $1,483,000 over the last ninety days.

AEVEX News Summary

Here are the key news stories impacting AEVEX this week:

Further Reading

Analyst Recommendations for AEVEX (NYSE:AVEX)

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