AEVEX (NYSE:AVEX) Shares Down 6.7% – Time to Sell?

AEVEX Corp. (NYSE:AVEX)’s stock price fell 6.7% during trading on Monday . The stock traded as low as $20.01 and last traded at $20.09. Approximately 455,591 shares were traded during trading, a decline of 81% from the average daily volume of 2,439,096 shares. The stock had previously closed at $21.54.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $33.00 target price on shares of AEVEX in a research report on Monday, May 25th. Zacks Research raised AEVEX to a “hold” rating in a research report on Wednesday, May 13th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of AEVEX in a research note on Thursday. Bank of America started coverage on AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on AEVEX from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.62.

AEVEX Stock Down 6.1%

The company has a debt-to-equity ratio of 1.15, a quick ratio of 5.50 and a current ratio of 5.66. The company has a 50 day simple moving average of $18.33. The firm has a market cap of $2.31 billion and a PE ratio of 80.92.

Insiders Place Their Bets

In other AEVEX news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the sale, the insider directly owned 22,861,457 shares of the company’s stock, valued at approximately $594,169,267.43. This trade represents a 9.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

AEVEX Company Profile

AEVEX Corp. is a holding company which designs, manufactures and provides autonomous systems and navigation technologies. The company’s operating segment includes tactical systems and global solutions. AEVEX Corp. is based in Solana Beach, California.