AEVEX (NYSE:AVEX) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of AEVEX (NYSE:AVEX) to a hold rating in a research report released on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Needham & Company LLC assumed coverage on AEVEX in a research report on Tuesday. They set a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group assumed coverage on AEVEX in a research report on Tuesday. They set a “buy” rating and a $32.00 target price for the company. The Goldman Sachs Group assumed coverage on AEVEX in a research report on Tuesday. They set a “buy” rating and a $34.00 target price for the company. Bank of America assumed coverage on AEVEX in a research report on Tuesday. They set a “buy” rating and a $34.00 target price for the company. Finally, Robert W. Baird assumed coverage on AEVEX in a research report on Tuesday. They set an “outperform” rating and a $38.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, AEVEX presently has an average rating of “Moderate Buy” and an average target price of $35.25.

AEVEX Trading Down 7.7%

NYSE AVEX opened at $23.89 on Wednesday. AEVEX has a twelve month low of $22.27 and a twelve month high of $42.34.

Insider Transactions at AEVEX

In other AEVEX news, Director Brian Raduenz acquired 50,000 shares of the stock in a transaction dated Thursday, April 16th. The stock was purchased at an average cost of $20.00 per share, with a total value of $1,000,000.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately $1,000,000. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brett P. Hush acquired 10,000 shares of the stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of $20.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the insider owned 10,000 shares in the company, valued at approximately $200,000. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 74,150 shares of company stock valued at $1,483,000.