Applied Aerospace & Defense (NYSE:AADX) Stock Gets Price Target Cut from Royal Bank Of Canada

Applied Aerospace & Defense (NYSE:AADX) had its target price trimmed by Royal Bank Of Canada from $24.00 to $21.00 in a research report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently commented on the company. Weiss Ratings began coverage on Applied Aerospace & Defense in a research note on Friday, August 28th. They set a “sell (d)” rating on the stock. Wall Street Zen upgraded Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. UBS Group set a $24.00 price target on Applied Aerospace & Defense in a report on Sunday, June 28th. Morgan Stanley raised their price target on Applied Aerospace & Defense from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Wolfe Research assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They set an “outperform” rating and a $23.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.33.

Applied Aerospace & Defense Stock Performance

NYSE AADX opened at $11.35 on Tuesday. Applied Aerospace & Defense has a one year low of $10.31 and a one year high of $24.24. The stock’s 50 day simple moving average is $13.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.08 and a current ratio of 2.51.

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

Hedge Funds Weigh In On Applied Aerospace & Defense

Large investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC purchased a new position in Applied Aerospace & Defense during the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC purchased a new stake in shares of Applied Aerospace & Defense in the 3rd quarter worth about $29,000. Valeo Financial Advisors LLC purchased a new position in Applied Aerospace & Defense during the 3rd quarter valued at about $120,000. Squarepoint Ops LLC purchased a new position in Applied Aerospace & Defense during the 2nd quarter valued at about $1,232,000. Finally, Readystate Asset Management LP purchased a new position in Applied Aerospace & Defense during the 2nd quarter valued at about $752,000.

About Applied Aerospace & Defense

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.