Applied Aerospace & Defense, Inc. (NYSE:AADX) Stock Rated “Moderate Buy” by Sell-Side Analysts

Applied Aerospace & Defense, Inc. (NYSE:AADX) has been given an average rating of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $24.33.

AADX has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They issued a “buy” rating and a $24.00 price objective for the company. Bank of America cut their price objective on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Robert W. Baird started coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They set an “outperform” rating and a $30.00 target price on the stock. Weiss Ratings started coverage on shares of Applied Aerospace & Defense in a research report on Friday, August 28th. They issued a “sell (d)” rating on the stock. Finally, Wolfe Research assumed coverage on shares of Applied Aerospace & Defense in a research note on Monday, June 29th. They issued an “outperform” rating and a $23.00 price target for the company.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in Applied Aerospace & Defense during the 3rd quarter valued at about $29,000. Valeo Financial Advisors LLC bought a new position in Applied Aerospace & Defense during the 3rd quarter worth approximately $120,000. Readystate Asset Management LP purchased a new position in Applied Aerospace & Defense in the 2nd quarter worth approximately $752,000. Squarepoint Ops LLC purchased a new position in Applied Aerospace & Defense in the 2nd quarter worth approximately $1,232,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new position in Applied Aerospace & Defense in the 2nd quarter worth approximately $3,044,000.

Applied Aerospace & Defense Stock Performance

NYSE:AADX opened at $10.41 on Wednesday. The stock has a 50 day moving average price of $14.10. Applied Aerospace & Defense has a 1-year low of $10.32 and a 1-year high of $24.24. 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 (NYSE:AADX) last issued its earnings results on Wednesday, August 12th. The company reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($1.05). The business had revenue of $167.32 million during the quarter. Equities analysts predict that Applied Aerospace & Defense will post -0.61 EPS for the current year.

Applied Aerospace & Defense Company Profile

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.