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Advanced Energy Industries (NASDAQ:AEIS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, American Banking and Market News reports. They currently have a $29.30 target price on the stock. Zacks‘ target price indicates a potential upside of 10.78% from the stock’s previous close.

A number of other firms have also recently commented on AEIS. Analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Advanced Energy Industries in a research note to investors on Wednesday. They now have a $19.00 price target on the stock, up previously from $17.00. Separately, 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. 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.29.

Advanced Energy Industries (NASDAQ:AEIS) traded up 2.96% during mid-day trading on Wednesday, hitting $27.47. The stock had a trading volume of 515,524 shares. Advanced Energy Industries has a 52-week low of $15.95 and a 52-week high of $27.77. The stock’s 50-day moving average is $24.17 and its 200-day moving average is $21.29. The company has a market cap of $1.098 billion and a price-to-earnings ratio of 485.09.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. The company had revenue of $153.00 million for the quarter, compared to the consensus estimate of $150.75 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. Analysts expect that Advanced Energy Industries will post $1.94 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.

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