Applied Aerospace & Defense (NYSE:AADX) Stock Gets Price Target Cut from Royal Bank Of Canada

Applied Aerospace & Defense (NYSE:AADX) had its target price decreased by equities research analysts at Royal Bank Of Canada from $24.00 to $21.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 97.93% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus started coverage on shares of Applied Aerospace & Defense in a research report on Monday, June 29th. They issued a “buy” rating and a $24.00 price target for the company. Zacks Research upgraded Applied Aerospace & Defense to a “hold” rating in a report on Tuesday, June 30th. Wall Street Zen upgraded Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings started coverage on shares of Applied Aerospace & Defense in a research report on Friday, August 28th. They set a “sell (d)” rating for the company. Finally, Bank of America lowered their price target on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Applied Aerospace & Defense has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Applied Aerospace & Defense Stock Performance

Shares of Applied Aerospace & Defense stock traded down $0.16 during trading on Tuesday, reaching $10.61. 278,254 shares of the company’s stock were exchanged, compared to its average volume of 1,619,546. The company has a current ratio of 2.51, a quick ratio of 2.08 and a debt-to-equity ratio of 0.51. Applied Aerospace & Defense has a 1-year low of $10.52 and a 1-year high of $24.24. The stock has a market cap of $1.83 billion and a P/E ratio of -42.44. The company has a 50-day simple moving average of $14.31.

Applied Aerospace & Defense (NYSE:AADX) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($1.05). The company had revenue of $167.32 million during the quarter. As a group, equities research analysts predict that Applied Aerospace & Defense will post -0.61 EPS for the current year.

Institutional Trading of Applied Aerospace & Defense

A number of large investors have recently bought and sold shares of AADX. Farther Finance Advisors LLC acquired a new stake in Applied Aerospace & Defense during the 3rd quarter worth about $29,000. Valeo Financial Advisors LLC acquired a new position in shares of Applied Aerospace & Defense in the 3rd quarter valued at about $120,000. Readystate Asset Management LP acquired a new position in shares of Applied Aerospace & Defense in the 2nd quarter valued at about $752,000. Squarepoint Ops LLC acquired a new position in shares of Applied Aerospace & Defense in the 2nd quarter valued at about $1,232,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Applied Aerospace & Defense during the 2nd quarter valued at about $3,044,000.

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.