Applied Aerospace & Defense (NYSE:AADX) Now Covered by Bank of America

Investment analysts at Bank of America assumed coverage on shares of Applied Aerospace & Defense (NYSE:AADX) in a note issued to investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $24.00 price target on the stock. Bank of America‘s price objective would indicate a potential upside of 16.50% from the stock’s current price.

AADX has been the subject of a number of other reports. Royal Bank Of Canada started coverage on shares of Applied Aerospace & Defense in a research report on Sunday. They issued an “outperform” rating for the company. Wall Street Zen raised Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group set a $24.00 price objective on Applied Aerospace & Defense in a research note on Sunday. Stifel Nicolaus set a $24.00 price objective on Applied Aerospace & Defense in a report on Monday. Finally, Robert W. Baird set a $30.00 target price on Applied Aerospace & Defense and gave the company an “outperform” rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $25.00.

Applied Aerospace & Defense Stock Performance

Shares of Applied Aerospace & Defense stock opened at $20.60 on Monday. Applied Aerospace & Defense has a twelve month low of $17.08 and a twelve month high of $23.00.

Insider Activity at Applied Aerospace & Defense

In other Applied Aerospace & Defense news, CFO Jeffrey L. Mcrae bought 25,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the purchase, the chief financial officer directly owned 25,000 shares of the company’s stock, valued at approximately $500,000. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan D. Lynch bought 8,000 shares of Applied Aerospace & Defense stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $160,000.00. Following the acquisition, the director owned 8,000 shares in the company, valued at approximately $160,000. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 58,500 shares of company stock valued at $1,170,000 over the last three months.