AEVEX Corp. (NYSE:AVEX) Receives Average Recommendation of “Moderate Buy” from Brokerages

AEVEX Corp. (NYSE:AVEX) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $35.6250.

Several analysts have issued reports on the company. 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 target price on the stock. Zacks Research upgraded AEVEX to a “hold” rating in a research note on Wednesday, May 13th. Bank of America began coverage on AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of AEVEX in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada started coverage on shares of AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating and a $31.00 price objective on the stock.

Insider Activity

In other news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $25.99, for a total value of $59,097,179.57. Following the sale, the insider owned 22,861,457 shares of the company’s stock, valued at $594,169,267.43. The trade was a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

AEVEX Trading Down 5.8%

AEVEX stock opened at $14.26 on Friday. The firm has a 50 day moving average price of $21.61. AEVEX has a 12 month low of $13.07 and a 12 month high of $42.34. The stock has a market capitalization of $1.63 billion and a P/E ratio of 57.04.