Applied Aerospace & Defense (NYSE:AADX) Given New $15.00 Price Target at Guggenheim

Applied Aerospace & Defense (NYSE:AADX – Free Report) had its price target trimmed by Guggenheim from $30.00 to $15.00 in a research note published on Friday, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Bank of America decreased their price target on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Stifel Nicolaus cut their price objective on Applied Aerospace & Defense from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings began coverage on Applied Aerospace & Defense in a research note on Friday, August 28th. They set a “sell (d)” rating for the company. Royal Bank Of Canada reduced their target price on Applied Aerospace & Defense from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Jefferies Financial Group set a $20.00 target price on Applied Aerospace & Defense in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.56.

Check Out Our Latest Research Report on AADX

Applied Aerospace & Defense Trading Down 3.5%

AADX traded down $0.30 during midday trading on Friday, hitting $8.37. 1,758,001 shares of the company traded hands, compared to its average volume of 2,377,180. The stock’s 50 day moving average price is $11.28. Applied Aerospace & Defense has a 52-week low of $8.27 and a 52-week high of $24.24. The stock has a market cap of $1.44 billion and a P/E ratio of -33.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.51 and a quick ratio of 2.08.

Applied Aerospace & Defense (NYSE:AADX – Get Free Report) last released its earnings results on Thursday, November 12th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.09. The company had revenue of $182.06 million for the quarter. Equities research analysts anticipate that Applied Aerospace & Defense will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AADX. State Street Corp purchased a new stake in shares of Applied Aerospace & Defense in the third quarter valued at approximately $7,172,000. Voya Investment Management LLC purchased a new position in Applied Aerospace & Defense during the third quarter worth approximately $21,368,000. Roubaix Capital LLC lifted its position in Applied Aerospace & Defense by 98.3% during the third quarter. Roubaix Capital LLC now owns 508,131 shares of the company’s stock worth $6,113,000 after buying an additional 251,891 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Applied Aerospace & Defense by 224.4% during the third quarter. First Eagle Investment Management LLC now owns 811,000 shares of the company’s stock worth $9,756,000 after buying an additional 561,000 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Applied Aerospace & Defense during the third quarter worth $241,000.

Recent Applied Aerospace & Defense Headlines

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About Applied Aerospace & Defense

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Applied Aerospace and Defense Inc. specializes in providing advanced design, engineering and vertically integrated manufacturing solutions for next-generation space and defense technology companies. Its core service offerings include design and analysis, fabrication and assembly and inspection, qualification and testing. Applied Aerospace and Defense Inc. is based in HUNTSVILLE, United States.

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Analyst Recommendations for Applied Aerospace & Defense (NYSE:AADX)

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