AEVEX Corp. (NYSE:AVEX) Given Average Rating of “Moderate Buy” by Analysts

AEVEX Corp. (NYSE:AVEX) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $35.6250.

AVEX has been the subject of several analyst reports. Raymond James Financial started coverage on AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating and a $35.00 target price for the company. Zacks Research upgraded AEVEX to a “hold” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada started coverage on shares of AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $31.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of AEVEX from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $33.00 target price on shares of AEVEX in a report on Monday, May 25th.

AEVEX Stock Performance

NYSE:AVEX opened at $14.26 on Friday. AEVEX has a 52-week low of $13.07 and a 52-week high of $42.34. The company has a market cap of $1.63 billion and a price-to-earnings ratio of 57.04. The company’s fifty day moving average is $21.61.

Insider Buying and Selling

In other news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the completion of the transaction, the insider directly owned 22,861,457 shares in the company, valued at $594,169,267.43. The trade was a 9.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.