Guggenheim Issues Pessimistic Forecast for Applied Aerospace & Defense (NYSE:AADX) Stock Price

Applied Aerospace & Defense (NYSE:AADX – Get Free Report) had its price objective reduced by equities research analysts at Guggenheim from $30.00 to $15.00 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Guggenheim‘s price objective points to a potential upside of 79.21% from the company’s current price.

A number of other brokerages also recently issued reports on AADX. Jefferies Financial Group set a $20.00 price objective on Applied Aerospace & Defense in a research note on Monday, October 5th. Stifel Nicolaus decreased their target price on Applied Aerospace & Defense from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings initiated coverage on Applied Aerospace & Defense in a research note on Friday, August 28th. They set a “sell (d)” rating for the company. Morgan Stanley lifted their target price on Applied Aerospace & Defense from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Bank of America lowered their target price on Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Applied Aerospace & Defense presently has an average rating of “Moderate Buy” and a consensus price target of $20.56.

Get Our Latest Stock Report on AADX

Applied Aerospace & Defense Trading Down 3.5%

AADX stock traded down $0.30 during midday trading on Friday, hitting $8.37. The stock had a trading volume of 1,758,001 shares, compared to its average volume of 2,377,180. The firm has a market cap of $1.44 billion and a price-to-earnings ratio of -33.48. The company has a current ratio of 2.51, a quick ratio of 2.08 and a debt-to-equity ratio of 0.51. Applied Aerospace & Defense has a 1-year low of $8.27 and a 1-year high of $24.24. The company’s fifty day moving average price is $11.28.

Applied Aerospace & Defense (NYSE:AADX – Get Free Report) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.09. The firm had revenue of $182.06 million for the quarter. On average, equities analysts anticipate that Applied Aerospace & Defense will post -0.61 EPS for the current year.

Institutional Investors Weigh In On Applied Aerospace & Defense

A number of large investors have recently bought and sold shares of AADX. SBI Securities Co. Ltd. increased its stake in Applied Aerospace & Defense by 1,171.1% in the third quarter. SBI Securities Co. Ltd. now owns 2,199 shares of the company’s stock valued at $26,000 after purchasing an additional 2,026 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Applied Aerospace & Defense during the third quarter valued at about $29,000. Fortitude Family Office LLC acquired a new position in shares of Applied Aerospace & Defense during the third quarter valued at about $29,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Applied Aerospace & Defense during the third quarter valued at about $60,000. Finally, State of Wyoming bought a new position in shares of Applied Aerospace & Defense during the 3rd quarter worth about $80,000.

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Applied Aerospace & Defense Company Profile

(Get Free Report)

Applied Aerospace and Defense Inc. specializes in providing advanced design, engineering and vertically integrated manufacturing solutions for next-generation space and defense technology companies. Its core service offerings include design and analysis, fabrication and assembly and inspection, qualification and testing. Applied Aerospace and Defense Inc. is based in HUNTSVILLE, United States.

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