Aixtron AG Stock Rating Lowered by HSBC (AIXG)
Aixtron AG (NASDAQ:AIXG) was downgraded by equities research analysts at HSBC from a “neutral” rating to an “underweight” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Aixtron AG (NASDAQ:AIXG) traded up 2.82% on Thursday, hitting $15.30. The stock had a trading volume of 160,363 shares. Aixtron AG has a 52 week low of $11.21 and a 52 week high of $18.06. The stock’s 50-day moving average is $16.61 and its 200-day moving average is $15.98. The company’s market cap is $1.547 billion.
Aixtron AG (NASDAQ:AIXG) last announced its earnings results on Thursday, July 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $45.30 million for the quarter, compared to the consensus estimate of $47.44 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts expect that Aixtron AG will post $-0.99 EPS for the current fiscal year.
A number of other firms have also recently commented on AIXG. Analysts at Canaccord Genuity downgraded shares of Aixtron AG from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, October 1st. They now have a $7.00 price target on the stock, down previously from $13.00. Separately, analysts at Zacks upgraded shares of Aixtron AG from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th. They now have a $17.20 price target on the stock. Finally, analysts at Zacks downgraded shares of Aixtron AG from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, July 22nd. They now have a $15.60 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Aixtron AG currently has a consensus rating of “Hold” and an average target price of $12.55.
AIXTRON SE (NASDAQ:AIXG), formerly AIXTRON AG, is a provider of deposition equipment equipment to the semiconductor and compound-semiconductor industry.
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