Zacks Research Upgrades AEVEX (NYSE:AVEX) to “Hold”

AEVEX (NYSE:AVEX) was upgraded by research analysts at Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

AVEX has been the topic of a number of other reports. The Goldman Sachs Group assumed coverage on shares of AEVEX in a research note on Tuesday. They set a “buy” rating and a $34.00 price objective on the stock. Raymond James Financial assumed coverage on shares of AEVEX in a research note on Tuesday. They set an “outperform” rating and a $35.00 price objective on the stock. Royal Bank Of Canada assumed coverage on shares of AEVEX in a research note on Tuesday. They set an “outperform” rating and a $31.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of AEVEX in a research note on Tuesday. They set an “overweight” rating and a $33.00 price objective on the stock. Finally, Jefferies Financial Group assumed coverage on shares of AEVEX in a research note on Tuesday. They set a “buy” rating and a $32.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.25.

AEVEX Price Performance

Shares of NYSE AVEX opened at $23.89 on Wednesday. AEVEX has a fifty-two week low of $22.27 and a fifty-two week high of $42.34.

Insiders Place Their Bets

In other AEVEX news, insider Brett P. Hush purchased 10,000 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the transaction, the insider owned 10,000 shares in the company, valued at $200,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Raduenz purchased 50,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was acquired at an average price of $20.00 per share, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at $1,000,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 74,150 shares of company stock worth $1,483,000.