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

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

A number of other brokerages also recently issued reports on AVEX. Wall Street Zen upgraded AEVEX to a “hold” rating in a report on Saturday, April 25th. The Goldman Sachs Group initiated coverage on AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock. Robert W. Baird initiated coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 price target on the stock. Zacks Research upgraded AEVEX to a “hold” rating in a report on Wednesday, May 13th. Finally, Bank of America began coverage on AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, AEVEX currently has an average rating of “Moderate Buy” and an average price target of $35.25.

AEVEX Stock Down 0.5%

Shares of NYSE:AVEX opened at $26.21 on Thursday. AEVEX has a 12-month low of $22.27 and a 12-month high of $42.34.

Insider Transactions at AEVEX

In other AEVEX news, CFO Todd Booth acquired 13,000 shares of the stock in a transaction dated Thursday, April 16th. The stock was purchased at an average price of $20.00 per share, with a total value of $260,000.00. Following the transaction, the chief financial officer directly owned 13,000 shares of the company’s stock, valued at $260,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brett P. Hush acquired 10,000 shares of the stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of $20.00 per share, with a total value of $200,000.00. Following the transaction, the insider directly owned 10,000 shares in the company, valued at approximately $200,000. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 74,150 shares of company stock valued at $1,483,000 in the last quarter.