AEVEX (NYSE:AVEX) Upgraded by Royal Bank Of Canada to Moderate Buy Rating

AEVEX (NYSE:AVEXGet Free Report) was upgraded by equities research analysts at Royal Bank Of Canada to a “moderate buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group initiated coverage on AEVEX in a report on Tuesday. They issued a “buy” rating and a $34.00 price objective on the stock. Jefferies Financial Group initiated coverage on AEVEX in a report on Tuesday. They issued a “buy” rating and a $32.00 price objective on the stock. William Blair initiated coverage on AEVEX in a report on Tuesday. They issued an “outperform” rating on the stock. Needham & Company LLC initiated coverage on AEVEX in a report on Tuesday. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on AEVEX in a report on Tuesday. They issued an “overweight” rating and a $33.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $35.25.

Get Our Latest Analysis on AEVEX

AEVEX Price Performance

AVEX stock opened at $28.37 on Tuesday. AEVEX has a 1 year low of $22.27 and a 1 year high of $42.34.

Insiders Place Their Bets

In other news, insider Brett P. Hush purchased 10,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the purchase, the insider directly owned 10,000 shares of the company’s stock, valued at approximately $200,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Todd Booth purchased 13,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $260,000.00. Following the completion of the purchase, the chief financial officer directly owned 13,000 shares of the company’s stock, valued at $260,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 74,150 shares of company stock worth $1,483,000 over the last ninety days.

More AEVEX News

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Further Reading

Analyst Recommendations for AEVEX (NYSE:AVEX)

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