Share on StockTwits
 

Shares of Advanced Energy Industries (NASDAQ:AEIS) hit a new 52-week high during trading on Friday, Stock Ratings Network reports. The stock traded as high as $27.77 and last traded at $27.70, with a volume of 577,195 shares trading hands. The stock had previously closed at $25.80.

A number of research firms have recently commented on AEIS. Analysts at Needham & Company raised their price target on shares of Advanced Energy Industries from $27.00 to $30.00 in a research note to investors on Thursday, January 16th. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Advanced Energy Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $26.60 price target on the stock. Finally, analysts at Susquehanna downgraded shares of Advanced Energy Industries from a “positive” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $27.00 price target on the stock, down previously from $28.00. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Advanced Energy Industries currently has a consensus rating of “Hold” and a consensus target price of $25.80.

Advanced Energy Industries has a 1-year low of $14.69 and a 1-year high of $27.74. The stock has a 50-day moving average of $23.76 and a 200-day moving average of $21.24. The company has a market cap of $1.092 billion and a price-to-earnings ratio of 469.16.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.20. The company had revenue of $142.90 million for the quarter, compared to the consensus estimate of $146.61 million. During the same quarter last year, the company posted $0.20 earnings per share. Advanced Energy Industries’s revenue was up 21.6% compared to the same quarter last year. Analysts expect that Advanced Energy Industries will post $0.43 EPS for the current fiscal year.

Advanced Energy Industries, Inc (NASDAQ:AEIS) designs, manufactures, sells, and supports power conversion products that transform power into various usable forms.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.