Applied Aerospace & Defense, Inc. (AADX) – What Are Analysts Saying About This Stock?

Applied Aerospace & Defense, Inc. (NYSE:AADX) has been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.11.

Several equities research analysts recently issued reports on AADX shares. Weiss Ratings assumed coverage on shares of Applied Aerospace & Defense in a research note on Friday, August 28th. They issued a “sell (d)” rating for the company. Morgan Stanley lowered their target price on shares of Applied Aerospace & Defense from $24.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Royal Bank Of Canada lowered their target price on shares of Applied Aerospace & Defense from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday. Guggenheim began coverage on Applied Aerospace & Defense in a report on Monday, September 14th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Bank of America reduced their price target on Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, August 14th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. raised its stake in shares of Applied Aerospace & Defense by 1,171.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,199 shares of the company’s stock valued at $26,000 after acquiring an additional 2,026 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in Applied Aerospace & Defense during the third quarter worth approximately $29,000. Fortitude Family Office LLC bought a new stake in Applied Aerospace & Defense during the third quarter worth approximately $29,000. Mountain Hill Investment Partners Corp. bought a new stake in Applied Aerospace & Defense during the third quarter worth approximately $60,000. Finally, State of Wyoming acquired a new position in Applied Aerospace & Defense during the third quarter valued at approximately $80,000.

Applied Aerospace & Defense Stock Down 5.6%

NYSE AADX opened at $11.16 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.51 and a quick ratio of 2.08. The firm has a market capitalization of $1.92 billion and a PE ratio of -44.64. The company has a 50 day simple moving average of $12.06. Applied Aerospace & Defense has a 12-month low of $9.40 and a 12-month high of $24.24.

Applied Aerospace & Defense (NYSE:AADX) last posted 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 business had revenue of $167.32 million for the quarter. As a group, equities analysts anticipate that Applied Aerospace & Defense will post -0.61 EPS for the current 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.