AEVEX (NYSE:AVEX) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

AEVEX (NYSE:AVEX) had its target price raised by equities researchers at JPMorgan Chase & Co. from $33.00 to $35.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 22.81% from the company’s current price.

AVEX has been the subject of several other research reports. Robert W. Baird began coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 price objective for the company. Zacks Research raised AEVEX to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen raised AEVEX to a “hold” rating in a report on Saturday, April 25th. Bank of America began coverage on AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $33.00 price objective on shares of AEVEX in a report on Monday. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.63.

AEVEX Stock Up 6.3%

Shares of AVEX traded up $1.68 during trading hours on Tuesday, hitting $28.50. The stock had a trading volume of 1,177,428 shares, compared to its average volume of 2,623,700. AEVEX has a 12 month low of $22.27 and a 12 month high of $42.34.

Insider Activity at AEVEX

In related news, insider Brett P. Hush bought 10,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the transaction, the insider owned 10,000 shares of the company’s stock, valued at approximately $200,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd Booth bought 13,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average price of $20.00 per share, for a total transaction of $260,000.00. Following the completion of the transaction, the chief financial officer directly owned 13,000 shares of the company’s stock, valued at $260,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 74,150 shares of company stock worth $1,483,000.