AEVEX (NYSE:AVEX) Earns Buy Rating from Analysts at Bank of America

Investment analysts at Bank of America assumed coverage on shares of AEVEX (NYSE:AVEX) in a research note issued to investors on Tuesday,Benzinga reports. The firm set a “buy” rating and a $34.00 price target on the stock. Bank of America‘s price target points to a potential upside of 39.63% from the stock’s current price.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of AEVEX in a research report on Tuesday. They issued a “buy” rating and a $34.00 price target on the stock. Robert W. Baird began coverage on shares of AEVEX in a research report on Tuesday. They issued an “outperform” rating and a $38.00 price target on the stock. Royal Bank Of Canada began coverage on shares of AEVEX in a research note on Tuesday. They issued an “outperform” rating and a $31.00 price objective for the company. Finally, Wall Street Zen raised shares of AEVEX to a “hold” rating in a research note on Saturday, April 25th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $36.17.

AEVEX Trading Down 2.9%

AEVEX stock opened at $24.35 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, CFO Todd Booth bought 13,000 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was purchased at an average price of $20.00 per share, with a total value of $260,000.00. Following the transaction, the chief financial officer directly owned 13,000 shares in the company, valued at approximately $260,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian Raduenz bought 50,000 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average cost of $20.00 per share, with a total value of $1,000,000.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately $1,000,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 74,150 shares of company stock valued at $1,483,000 in the last quarter.