Applied Aerospace & Defense (NYSE:AADX) Raised to “Moderate Buy” at Royal Bank Of Canada

Applied Aerospace & Defense (NYSE:AADX) was upgraded by Royal Bank Of Canada to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. UBS Group set a $24.00 price target on shares of Applied Aerospace & Defense in a research note on Sunday. Jefferies Financial Group started coverage on shares of Applied Aerospace & Defense in a research report on Sunday. They issued a “buy” rating and a $25.00 price objective for the company. Bank of America assumed coverage on Applied Aerospace & Defense in a research report on Monday. They set a “buy” rating and a $24.00 target price on the stock. Stifel Nicolaus began coverage on Applied Aerospace & Defense in a research note on Monday. They set a “buy” rating and a $24.00 target price for the company. Finally, Robert W. Baird started coverage on Applied Aerospace & Defense in a report on Monday. They issued an “outperform” rating and a $30.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $24.62.

Applied Aerospace & Defense Trading Up 0.8%

Applied Aerospace & Defense stock opened at $20.69 on Monday. Applied Aerospace & Defense has a 12 month low of $17.08 and a 12 month high of $23.00.

Insider Activity at Applied Aerospace & Defense

In other news, Director Susan D. Lynch bought 8,000 shares of the stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $20.00 per share, with a total value of $160,000.00. Following the completion of the acquisition, the director owned 8,000 shares of the company’s stock, valued at approximately $160,000. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James C. Katzman bought 25,000 shares of the stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the acquisition, the director directly owned 29,250 shares of the company’s stock, valued at $585,000. The trade was a 588.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 58,500 shares of company stock valued at $1,170,000 in the last ninety days.