RBC Capital Reiterates Buy Rating on Applied Aerospace & Defense
RBC Capital maintains its buy rating on Applied Aerospace & Defense with a $24 price target, a 5.36% upside from the current price.
Key Points
- RBC Capital reiterated its buy rating on Applied Aerospace & Defense, Inc. (AADX) with a price target of $24 as of June 29, 2026.
- RBC Capital's $24 price target implies 5.36% upside from Applied Aerospace & Defense, Inc.'s ($AADX) current $22.78 share price.
- Shares of AADX traded at $20.73 on the NYSE on Wednesday, with a 52-week range between $17.08 and $23.00.
- Analysts from Stifel and B of A Securities also initiated buy ratings with a $24 target, while Baird set a target at $30.
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RBC Capital has reiterated its buy rating on Applied Aerospace & Defense, Inc. (NYSE: AADX), setting a price target of $24. This update was provided by analyst Ken Herbert on June 29, 2026. Shares of Applied Aerospace & Defense traded at $20.73 on Wednesday.
RBC Capital vs. the S&P 500
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Analysts Set New Price Targets
On June 29, 2026, RBC Capital reiterated its buy rating on Applied Aerospace & Defense with a $24 price target. Morgan Stanley initiated coverage with a hold rating and a target of $23. Stifel and B of A Securities both initiated buy ratings, each with a $24 target. Baird was more optimistic, setting a buy rating with a $30 price target. The consensus among analysts is a strong buy, with an average target price of $24.71 based on seven opinions.
Applied Aerospace & Defense, Inc. Stock Up 71.3%
Shares of Applied Aerospace & Defense, Inc. (NYSE: AADX) traded at $20.73 on Wednesday. The company has a forward P/E ratio of 54.24 and a market cap of $1.54 billion. Over the past 52 weeks, the stock has ranged from $17.08 to $23.00. Its 50-day and 200-day moving averages are both around $19.46. Applied Aerospace & Defense has a current ratio of 2.09 and a quick ratio of 1.63, with a high debt-to-equity ratio of 445.27.
$AADX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Applied Aerospace & Defense reported revenue of approximately $522.1 million, achieving a growth rate of 21%. Despite this growth, the company posted a net margin of -4.76% and an EPS of -$0.71, indicating it isn't currently profitable. The next earnings report is anticipated soon, though no specific date has been disclosed.
About Applied Aerospace & Defense
Applied Aerospace & Defense, Inc. specializes in designing and manufacturing aerospace and defense subsystems, including components for space and defense applications. Headquartered in Huntsville, Alabama, the company employs 1,542 people and is led by CEO James William Ferguson III. It offers a range of products, from propellant tanks and engine nozzles to radar systems and missile launchers. The company focuses on integrated solutions for space and defense, providing both manufacturing and in-house testing services.
Bottom Line
RBC Capital's reiterated buy rating on Applied Aerospace & Defense underscores confidence in the company's prospects, with a target price of $24. Investors should note that ratings are based on past performance and expectations, which may not reflect current conditions. As always, these ratings are backward-looking and should be considered as part of a broader investment strategy.
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