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

AEVEX (NYSE:AVEX)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $45.00 target price on the stock. Needham & Company LLC’s target price suggests a potential upside of 71.69% from the company’s current price.

Several other equities research analysts also recently weighed in on AVEX. Robert W. Baird assumed coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on AEVEX in a report on Tuesday, May 12th. They issued an “overweight” rating and a $33.00 price target on the stock. Jefferies Financial Group assumed coverage on AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $32.00 price target on the stock. Bank of America assumed coverage on AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock. Finally, Royal Bank Of Canada assumed coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $31.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.25.

AEVEX Stock Performance

NYSE:AVEX opened at $26.21 on Thursday. AEVEX has a 1 year low of $22.27 and a 1 year high of $42.34.

Insiders Place Their Bets

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