AEVEX (NYSE:AVEX) Shares Climb 3.9% – Should You Buy?

AEVEX Corp. (NYSE:AVEX) shares traded up 3.9% during mid-day trading on Wednesday. The stock traded as high as $14.89 and last traded at $14.77. 384,979 shares were traded during trading, a decline of 81% from the average daily volume of 2,069,617 shares. The stock had previously closed at $14.22.

Key Stories Impacting AEVEX

Here are the key news stories impacting AEVEX this week:

• Neutral Sentiment: RBC reportedly has investors focused on AEVEX’s 2027 revenue outlook, but the available report provides no specific forecast changes or new company guidance. Aevex Investors Focus on 2027 Revenue Outlook, RBC Says

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AVEX. Piper Sandler began coverage on shares of AEVEX in a report on Wednesday, September 2nd. They issued a “neutral” rating and a $20.00 price objective for the company. Jefferies Financial Group started coverage on AEVEX in a research report on Wednesday, September 23rd. They set a “buy” rating and a $26.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of AEVEX in a research note on Thursday, August 13th. Weiss Ratings began coverage on AEVEX in a report on Friday, August 14th. They issued a “sell (d)” rating on the stock. Finally, Royal Bank Of Canada lowered their price target on AEVEX from $31.00 to $26.00 and set an “outperform” rating for the company in a report on Monday. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.56.

AEVEX Stock Up 2.9%

The company has a current ratio of 5.66, a quick ratio of 5.50 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $1.67 billion and a P/E ratio of 45.72. The stock’s fifty day simple moving average is $17.24.

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

Hedge Funds Weigh In On AEVEX

Several hedge funds have recently bought and sold shares of AVEX. HighTower Advisors LLC acquired a new position in AEVEX during the second quarter worth $269,000. WINTON GROUP Ltd acquired a new stake in AEVEX in the second quarter valued at $343,000. Readystate Asset Management LP acquired a new stake in AEVEX in the second quarter valued at $1,044,000. Concurrent Investment Advisors LLC purchased a new position in shares of AEVEX in the second quarter valued at $2,381,000. Finally, State Street Corp purchased a new position in shares of AEVEX in the second quarter valued at $6,885,000.

About AEVEX

AEVEX Aerospace (NYSE: AVEX) is a defense technology company that develops and delivers aerospace, autonomous systems, and national security solutions. The company supports government and defense customers with capabilities spanning intelligence, surveillance and reconnaissance, precision effects, mission systems, and operational support.

Its offerings include unmanned aircraft systems, autonomous platforms, specialized payloads, counter-unmanned aircraft technologies, signals intelligence and geospatial intelligence solutions, as well as mission planning, training, sustainment, and modernization services.