Applied Aerospace & Defense, Inc. (NYSE:AADX) Stock Has Average Target Price of $24.67

Applied Aerospace & Defense, Inc. (NYSE:AADX) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $24.67.

AADX has been the topic of several recent research reports. Zacks Research upgraded Applied Aerospace & Defense to a “hold” rating in a report on Tuesday, June 30th. Robert W. Baird began coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They set an “outperform” rating and a $30.00 target price on the stock. Royal Bank Of Canada initiated coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They issued a “moderate buy” rating and a $24.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of Applied Aerospace & Defense in a research report on Monday, June 29th. They issued a “buy” rating and a $24.00 price target for the company. Finally, Jefferies Financial Group set a $20.00 price target on shares of Applied Aerospace & Defense in a research report on Monday.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AADX. Farther Finance Advisors LLC acquired a new stake in shares of Applied Aerospace & Defense in the 3rd quarter worth about $29,000. Valeo Financial Advisors LLC acquired a new position in Applied Aerospace & Defense during the 3rd quarter valued at about $120,000. Readystate Asset Management LP bought a new stake in Applied Aerospace & Defense during the 2nd quarter worth approximately $752,000. Squarepoint Ops LLC bought a new stake in Applied Aerospace & Defense during the 2nd quarter worth approximately $1,232,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in Applied Aerospace & Defense during the 2nd quarter worth approximately $3,044,000.

Applied Aerospace & Defense Price Performance

AADX stock opened at $11.47 on Wednesday. The company has a market cap of $1.98 billion and a PE ratio of -45.88. The stock’s 50-day moving average is $14.48. The company has a quick ratio of 2.08, a current ratio of 2.51 and a debt-to-equity ratio of 0.51. Applied Aerospace & Defense has a 1 year low of $10.94 and a 1 year high of $24.24.

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

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.