AEVEX (NYSE:AVEX) Stock Price Target Lowered at Piper Sandler

AEVEX (NYSE:AVEX) had its price objective cut by investment analysts at Piper Sandler from $20.00 to $13.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 34.58% from the stock’s current price.

Several other research firms have also commented on AVEX. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of AEVEX in a research report on Thursday, August 13th. UBS Group initiated coverage on shares of AEVEX in a research report on Thursday. They issued an “outperform” rating on the stock. Royal Bank Of Canada reduced their target price on shares of AEVEX from $31.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, October 12th. Weiss Ratings began coverage on shares of AEVEX in a research note on Friday, August 14th. They set a “sell (d)” rating for the company. Finally, Jefferies Financial Group restated a “buy” rating on shares of AEVEX in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.70.

AEVEX Price Performance

NYSE:AVEX opened at $9.66 on Thursday. The firm has a market cap of $1.10 billion and a price-to-earnings ratio of 30.19. The firm’s 50 day moving average is $16.30. The company has a quick ratio of 5.50, a current ratio of 5.66 and a debt-to-equity ratio of 1.15. AEVEX has a 12-month low of $9.64 and a 12-month high of $42.34.

AEVEX (NYSE:AVEX) last issued its earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The business had revenue of $201.79 million during the quarter, compared to analysts’ expectations of $155.15 million. The company’s revenue for the quarter was up 99.5% compared to the same quarter last year. Research analysts anticipate that AEVEX will post 0.51 EPS for the current fiscal year.

Institutional Trading of AEVEX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of AEVEX during the 3rd quarter worth about $45,000. SBI Securities Co. Ltd. boosted its holdings 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 acquiring an additional 3,302 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of AEVEX during the second quarter valued at approximately $269,000. WINTON GROUP Ltd acquired a new position in shares of AEVEX during the second quarter valued at approximately $343,000. Finally, Readystate Asset Management LP acquired a new position in shares of AEVEX during the second quarter valued at approximately $1,044,000.

AEVEX Company Profile

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.