Analysts Set AEVEX Corp. (NYSE:AVEX) Target Price at $35.63

AEVEX Corp. (NYSE:AVEX) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $35.6250.

Several research analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of AEVEX in a research report on Thursday, May 21st. Bank of America assumed coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of AEVEX from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. William Blair assumed coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock.

AEVEX Trading Down 4.4%

AVEX opened at $20.52 on Friday. AEVEX has a 1-year low of $19.72 and a 1-year high of $42.34.

Insider Buying and Selling at AEVEX

In other AEVEX news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $25.99, for a total value of $59,097,179.57. Following the transaction, the insider directly owned 22,861,457 shares in the company, valued at approximately $594,169,267.43. This trade represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Raduenz purchased 50,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was acquired at an average price of $20.00 per share, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $1,000,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 74,150 shares of company stock valued at $1,483,000 over the last three months.