AEVEX Corp. (AVEX) – What Are Analysts Thinking About This Stock?

AEVEX Corp. (NYSE:AVEX) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $28.73.

Several equities analysts recently weighed in on the company. UBS Group set a $13.00 target price on AEVEX in a research report on Thursday, October 22nd. Royal Bank Of Canada cut their price target on AEVEX from $26.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Oppenheimer initiated coverage on AEVEX in a research report on Thursday, October 22nd. They issued an “outperform” rating and a $21.00 price target for the company. Piper Sandler decreased their price objective on AEVEX from $20.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, October 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of AEVEX in a research report on Thursday, October 22nd.

AEVEX Stock Up 13.6%

AVEX opened at $11.59 on Tuesday. The company has a current ratio of 5.66, a quick ratio of 5.50 and a debt-to-equity ratio of 1.15. AEVEX has a 1-year low of $8.95 and a 1-year high of $42.34. The firm’s 50 day simple moving average is $14.35 and its two-hundred day simple moving average is $19.46.

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 analysts’ consensus estimates of $0.06 by ($0.05). The firm had revenue of $201.79 million for the quarter, compared to analysts’ expectations of $155.15 million. The firm’s quarterly revenue was up 99.5% on a year-over-year basis. As a group, equities research analysts expect that AEVEX will post 0.48 EPS for the current year.

Institutional Investors Weigh In On AEVEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. bought a new stake in AEVEX during the 2nd quarter worth approximately $19,903,000. State Street Corp bought a new position in shares of AEVEX in the second quarter worth approximately $6,885,000. Concurrent Investment Advisors LLC bought a new position in shares of AEVEX in the second quarter worth approximately $2,381,000. Verus Capital Partners LLC boosted its position in shares of AEVEX by 60.9% in the third quarter. Verus Capital Partners LLC now owns 98,500 shares of the company’s stock worth $1,491,000 after purchasing an additional 37,300 shares during the period. Finally, Aberdeen Group plc purchased a new stake in shares of AEVEX in the third quarter worth $1,122,000.

AEVEX Company Profile

AEVEX Corporation (NYSE: AVEX) provides defense and intelligence customers with unmanned aircraft systems and related mission solutions. Its work includes designing, building and integrating aircraft, sensors and other mission equipment for operational use.

The company also offers engineering, training and operational support services. These capabilities help customers plan and conduct missions that rely on aerial surveillance, reconnaissance and other specialized aviation functions.

AEVEX serves government and defense customers, including U.S.