AEVEX’s (AVEX) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of AEVEX (NYSE:AVEX) in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a $45.00 target price on the stock.

A number of other research firms have also commented on AVEX. Robert W. Baird began coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $38.00 price target for the company. William Blair assumed coverage on AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded AEVEX to a “hold” rating in a report on Saturday, April 25th. The Goldman Sachs Group started coverage on AEVEX in a research note on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target for the company. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 price target on shares of AEVEX in a report on Monday, May 25th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AEVEX has a consensus rating of “Moderate Buy” and a consensus price target of $35.62.

AEVEX Price Performance

NYSE AVEX opened at $21.42 on Thursday. The company has a quick ratio of 2.63, a current ratio of 5.66 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $2.44 billion and a PE ratio of 85.68. AEVEX has a 1 year low of $13.07 and a 1 year high of $42.34. The business has a 50-day simple moving average of $18.33.

Insiders Place Their Bets

In other AEVEX news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the transaction, the insider owned 22,861,457 shares in the company, valued at approximately $594,169,267.43. This represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AEVEX Company Profile

AEVEX Corp. is a holding company which designs, manufactures and provides autonomous systems and navigation technologies. The company’s operating segment includes tactical systems and global solutions. AEVEX Corp. is based in Solana Beach, California.