Analysts Set Applied Aerospace & Defense, Inc. (NYSE:AADX) Price Target at $24.62

Shares of Applied Aerospace & Defense, Inc. (NYSE:AADX) have been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $25.2222.

AADX has been the topic of several research analyst reports. UBS Group set a $24.00 target price on Applied Aerospace & Defense in a research report on Sunday, June 28th. Bank of America lowered their target price on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 14th. Morgan Stanley boosted their target price on Applied Aerospace & Defense from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Wolfe Research initiated coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, Robert W. Baird assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They set an “outperform” rating and a $30.00 price target on the stock.

Institutional Investors Weigh In On Applied Aerospace & Defense

Hedge funds have recently modified their holdings of the stock. Readystate Asset Management LP acquired a new position in Applied Aerospace & Defense in the 2nd quarter valued at $752,000. Squarepoint Ops LLC acquired a new stake in shares of Applied Aerospace & Defense in the 2nd quarter valued at approximately $1,232,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Applied Aerospace & Defense in the second quarter valued at approximately $3,044,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Applied Aerospace & Defense in the second quarter valued at approximately $8,373,000.

Applied Aerospace & Defense Trading Up 0.7%

Shares of AADX stock opened at $12.79 on Friday. Applied Aerospace & Defense has a 12 month low of $11.39 and a 12 month high of $24.24. The stock’s 50-day moving average price is $16.28.

Applied Aerospace & Defense (NYSE:AADX) last posted its earnings results on Wednesday, August 12th. The company reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($1.05). The company had revenue of $167.32 million during the quarter. On average, research analysts anticipate that Applied Aerospace & Defense will post -0.61 EPS for the current fiscal year.

Applied Aerospace & Defense Company Profile

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.