Brokerages Set Applied Aerospace & Defense, Inc. (NYSE:AADX) Price Target at $24.62

Shares of Applied Aerospace & Defense, Inc. (NYSE:AADX) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $24.6250.

A number of analysts have recently commented on AADX shares. Royal Bank Of Canada began coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They issued a “moderate buy” rating and a $24.00 price target on the stock. Stifel Nicolaus started coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They set a “buy” rating and a $24.00 price objective for the company. Wolfe Research assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They issued an “outperform” rating and a $23.00 target price on the stock. Robert W. Baird assumed coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Zacks Research raised Applied Aerospace & Defense to a “hold” rating in a research report on Tuesday, June 30th.

Insider Transactions at Applied Aerospace & Defense

In other Applied Aerospace & Defense news, Director Susan D. Lynch bought 8,000 shares of Applied Aerospace & Defense stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average price of $20.00 per share, for a total transaction of $160,000.00. Following the completion of the acquisition, the director owned 8,000 shares of the company’s stock, valued at $160,000. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey L. Mcrae purchased 25,000 shares of the stock in a transaction on Thursday, June 4th. The stock was acquired at an average price 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 in the company, valued at approximately $500,000. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 58,500 shares of company stock valued at $1,170,000 over the last 90 days.

Applied Aerospace & Defense Price Performance

AADX stock opened at $17.38 on Friday. The business’s 50-day moving average price is $19.60. Applied Aerospace & Defense has a 1 year low of $16.57 and a 1 year high of $24.24.