AEVEX Corp. (NYSE:AVEX) Stock Has Consensus Target Price of $28.73

by · The Cerbat Gem

AEVEX Corp. (NYSE:AVEX – Get Free Report) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $28.73.

A number of equities analysts have recently weighed in on AVEX shares. Piper Sandler lowered their price target on AEVEX from $20.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, October 22nd. Jefferies Financial Group restated a “buy” rating on shares of AEVEX in a report on Thursday, October 22nd. Oppenheimer assumed coverage on shares of AEVEX in a research report on Thursday, October 22nd. They issued an “outperform” rating and a $21.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of AEVEX in a research note on Thursday, August 13th. Finally, UBS Group set a $13.00 price target on shares of AEVEX in a research report on Thursday, October 22nd.

View Our Latest Report on AVEX

Hedge Funds Weigh In On AEVEX

Hedge funds have recently made changes to their positions in the stock. Pilgrim Partners Asia Pte Ltd acquired a new stake in AEVEX in the 3rd 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 $45,000. SBI Securities Co. Ltd. grew its stake 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of AEVEX in the third quarter valued at $130,000. Finally, HighTower Advisors LLC purchased a new stake in shares of AEVEX in the 2nd quarter valued at $269,000.

AEVEX Price Performance

NYSE:AVEX opened at $10.21 on Tuesday. The company has a quick ratio of 5.50, a current ratio of 5.66 and a debt-to-equity ratio of 1.15. The firm has a market cap of $1.16 billion and a price-to-earnings ratio of 31.91. The company has a 50-day moving average price of $14.48. AEVEX has a 1-year low of $8.95 and a 1-year high of $42.34.

AEVEX (NYSE:AVEX – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The company had revenue of $201.79 million during the quarter, compared to analysts’ expectations of $155.15 million. The business’s revenue was up 99.5% compared to the same quarter last year. As a group, equities analysts anticipate that AEVEX will post 0.48 earnings per share for the current fiscal year.

AEVEX Company Profile

(Get Free Report)

AEVEX Aerospace, Inc is a defense technology company that develops and delivers advanced systems and mission solutions for national security customers. Its work focuses on intelligence, surveillance and reconnaissance (ISR), special operations, unmanned systems, electronic warfare, and other complex aerospace and defense missions.

The company provides missionized aircraft and unmanned aerial systems, payloads, sensors, communications equipment, data and intelligence capabilities, and related engineering and integration services.

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