AEVEX (NYSE:AVEX) Upgraded at Zacks Research

AEVEX (NYSE:AVEX) was upgraded by equities researchers at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts have also commented on AVEX. Jefferies Financial Group began coverage on shares of AEVEX in a research note on Tuesday. They set a “buy” rating and a $32.00 price objective for the company. William Blair began coverage on shares of AEVEX in a research report on Tuesday. They issued an “outperform” rating for the company. Wall Street Zen upgraded AEVEX to a “hold” rating in a report on Saturday, April 25th. Bank of America assumed coverage on AEVEX in a report on Tuesday. They issued a “buy” rating and a $34.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on AEVEX in a research note on Tuesday. They issued an “overweight” rating and a $33.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, AEVEX has an average rating of “Moderate Buy” and an average target price of $35.25.

AEVEX Price Performance

AVEX stock opened at $23.89 on Wednesday. AEVEX has a one year low of $22.27 and a one year high of $42.34.

Insiders Place Their Bets

In related news, CFO Todd Booth bought 13,000 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was bought at an average price of $20.00 per share, for a total transaction of $260,000.00. Following the transaction, the chief financial officer directly owned 13,000 shares in the company, valued at $260,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brett P. Hush acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were purchased at an average price of $20.00 per share, with a total value of $200,000.00. Following the completion of the acquisition, the insider owned 10,000 shares of the company’s stock, valued at $200,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 74,150 shares of company stock worth $1,483,000 in the last quarter.

Key Headlines Impacting AEVEX

Here are the key news stories impacting AEVEX this week:

• Positive Sentiment: RBC initiated coverage on AEVEX with an Outperform rating, signaling confidence that the shares can outperform the market. Aevex ‘flying under the radar no more,’ initiated outperform at RBC
• Positive Sentiment: Jefferies also started coverage with a Buy rating and a $32 price target, adding to the bullish analyst sentiment around the stock. AEVEX (NYSE:AVEX) Now Covered by Analysts at JPMorgan Chase & Co.
• Positive Sentiment: Goldman Sachs initiated coverage with a Buy rating and a $34 price target, while Baird went with Outperform and a $38 target, reinforcing expectations for meaningful upside. AEVEX (NYSE:AVEX) Now Covered by William Blair
• Positive Sentiment: AEVEX announced an $18.5 million U.S. Air Force contract for autonomous aircraft and engineering support, highlighting continued demand for its unmanned aircraft systems and defense services. AEVEX Secures $18.5M Contract for Delivery of UAS and Engineering Services to U.S. Air Force