AEVEX (NYSE:AVEX) Stock Gets Price Target Trim from Needham & Company LLC

AEVEX (NYSE:AVEX – Get Free Report) had its price objective cut by research analysts at Needham & Company LLC from $45.00 to $30.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s target price would suggest a potential upside of 145.30% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada dropped their target price on AEVEX from $26.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. UBS Group set a $13.00 price target on AEVEX in a research report on Thursday, October 22nd. Oppenheimer initiated coverage on AEVEX in a research report on Thursday, October 22nd. They set an “outperform” rating and a $21.00 price target for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of AEVEX in a research note on Thursday, October 22nd. Finally, Weiss Ratings initiated coverage on shares of AEVEX in a research report on Friday, August 14th. They issued a “sell (d)” rating on the stock. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, AEVEX presently has an average rating of “Moderate Buy” and a consensus price target of $27.55.

Check Out Our Latest Research Report on AEVEX

AEVEX Stock Performance

AVEX opened at $12.23 on Thursday. The company has a market capitalization of $1.39 billion and a price-to-earnings ratio of 38.22. The business’s 50-day moving average price is $14.14 and its two-hundred day moving average price is $19.35. AEVEX has a 1 year low of $8.95 and a 1 year high of $42.34. The company has a debt-to-equity ratio of 1.15, a current ratio of 5.66 and a quick ratio of 5.50.

AEVEX (NYSE:AVEX – Get Free Report) last posted its quarterly earnings data on Wednesday, November 11th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.49). The firm’s revenue was up 56.5% on a year-over-year basis. Equities analysts expect that AEVEX will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On AEVEX

Institutional investors have recently bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd bought a new stake in AEVEX in the third quarter valued at approximately $30,000. State of Alaska Department of Revenue acquired a new stake in shares of AEVEX in the third quarter valued at approximately $45,000. SBI Securities Co. Ltd. lifted its position in shares of AEVEX by 157.2% in the third quarter. SBI Securities Co. Ltd. now owns 5,402 shares of the company’s stock valued at $82,000 after buying an additional 3,302 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of AEVEX during the 3rd quarter worth approximately $130,000. Finally, HighTower Advisors LLC bought a new position in shares of AEVEX during the 2nd quarter worth approximately $269,000.

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AEVEX Company Profile

(Get Free Report)

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. and allied users.

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