AEVEX (NYSE:AVEX) Now Covered by Oppenheimer

Oppenheimer initiated coverage on shares of AEVEX (NYSE:AVEX) in a report released on Thursday, Briefing.com reports. The firm set an “outperform” rating and a $21.00 price target on the stock. Oppenheimer’s price target would indicate a potential upside of 117.39% from the company’s current price.

A number of other brokerages have also weighed in on AVEX. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of AEVEX in a research note on Thursday, August 13th. Royal Bank Of Canada decreased their price objective on shares of AEVEX from $31.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Piper Sandler initiated coverage on AEVEX in a research note on Wednesday, September 2nd. They issued a “neutral” rating and a $20.00 price target on the stock. Weiss Ratings started coverage on shares of AEVEX in a research report on Friday, August 14th. They issued a “sell (d)” rating on the stock. Finally, Jefferies Financial Group started coverage on shares of AEVEX in a research note on Wednesday, September 23rd. They set a “buy” rating and a $26.00 target price for the company. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

AEVEX Stock Performance

Shares of AVEX stock opened at $9.66 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 5.50 and a current ratio of 5.66. AEVEX has a 52 week low of $9.64 and a 52 week high of $42.34. The business’s 50 day moving average is $16.30.

AEVEX (NYSE:AVEX) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). The firm had revenue of $201.79 million for the quarter, compared to the consensus estimate of $155.15 million. The firm’s quarterly revenue was up 99.5% on a year-over-year basis. On average, analysts predict that AEVEX will post 0.51 earnings per share for the current year.

Institutional Trading of AEVEX

Several institutional investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new position in AEVEX in the 2nd quarter valued at $19,903,000. Concurrent Investment Advisors LLC acquired a new position in shares of AEVEX in the second quarter valued at about $2,381,000. State Street Corp acquired a new position in shares of AEVEX in the second quarter valued at about $6,885,000. Readystate Asset Management LP acquired a new stake in AEVEX in the 2nd quarter worth about $1,044,000. Finally, SBI Securities Co. Ltd. raised its stake in AEVEX by 157.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 5,402 shares of the company’s stock worth $82,000 after purchasing an additional 3,302 shares in the last quarter.

About AEVEX

AEVEX Aerospace, Inc is a defense technology company that develops and delivers advanced systems and mission solutions for national security customers. Its work focuses on intelligence, surveillance and reconnaissance (ISR), special operations, unmanned systems, electronic warfare, and other complex aerospace and defense missions.

The company provides missionized aircraft and unmanned aerial systems, payloads, sensors, communications equipment, data and intelligence capabilities, and related engineering and integration services.