AEVEX Corp. (NYSE:AVEX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of AEVEX Corp. (NYSE:AVEX) have received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.6250.

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set a “buy” rating and a $34.00 price target on the stock. Robert W. Baird assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $38.00 price target on the stock. JPMorgan Chase & Co. increased their price target on AEVEX from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Bank of America assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set a “buy” rating and a $34.00 price target on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and set a $33.00 price target on shares of AEVEX in a research report on Monday, May 25th.

Insider Transactions at AEVEX

In other news, Director Brian Raduenz purchased 50,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were acquired at an average price of $20.00 per share, with a total value of $1,000,000.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at $1,000,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd Booth purchased 13,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $260,000.00. Following the transaction, the chief financial officer directly owned 13,000 shares in the company, valued at approximately $260,000. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 74,150 shares of company stock valued at $1,483,000.

AEVEX Trading Down 7.2%

Shares of AEVEX stock opened at $22.83 on Friday. AEVEX has a 52 week low of $22.27 and a 52 week high of $42.34.