Applied Aerospace & Defense (NYSE:AADX) Upgraded by Royal Bank Of Canada to Moderate Buy Rating

Royal Bank Of Canada upgraded shares of Applied Aerospace & Defense (NYSE:AADX) to a moderate buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

AADX has been the subject of a number of other reports. Wall Street Zen raised shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research note on Saturday. Robert W. Baird assumed coverage on shares of Applied Aerospace & Defense in a research report on Monday. They set an “outperform” rating and a $30.00 target price on the stock. UBS Group set a $24.00 price target on shares of Applied Aerospace & Defense in a report on Sunday. Wolfe Research assumed coverage on Applied Aerospace & Defense in a research report on Monday. They issued an “outperform” rating and a $23.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on Applied Aerospace & Defense in a research report on Sunday. They issued a “buy” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Applied Aerospace & Defense has a consensus rating of “Buy” and a consensus target price of $24.62.

Applied Aerospace & Defense Price Performance

AADX stock opened at $20.69 on Monday. Applied Aerospace & Defense has a fifty-two week low of $17.08 and a fifty-two week high of $23.00.

Insiders Place Their Bets

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