AEVEX Corp. (NYSE:AVEX) Given Consensus Rating of “Moderate Buy” by Analysts

AEVEX Corp. (NYSE:AVEX) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $35.6250.

AVEX has been the subject of several research reports. William Blair initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating for the company. Robert W. Baird initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and issued a $33.00 price target on shares of AEVEX in a research report on Monday, May 25th. Raymond James Financial initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Wall Street Zen raised shares of AEVEX to a “hold” rating in a research report on Saturday, April 25th.

Insider Buying and Selling

In related news, insider Brett P. Hush acquired 10,000 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $200,000.00. Following the purchase, the insider owned 10,000 shares in the company, valued at approximately $200,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Raduenz acquired 50,000 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were bought at an average price of $20.00 per share, for a total transaction of $1,000,000.00. Following the completion of the purchase, the director owned 50,000 shares in the company, valued at approximately $1,000,000. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 74,150 shares of company stock valued at $1,483,000 in the last 90 days.

AEVEX Price Performance

NYSE AVEX opened at $21.08 on Wednesday. The company has a fifty day simple moving average of $25.81. AEVEX has a 12-month low of $15.07 and a 12-month high of $42.34.