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Canaccord Genuity dropped their price objective on shares of Aixtron AG (NASDAQ:AIXG) from $8.00 to $7.00 in a research note issued on Wednesday, American Banking News reports. Canaccord Genuity’s price target would indicate a potential downside of 55.72% from the company’s current price.

A number of other analysts have also recently weighed in on AIXG. Analysts at Hauck & Aufhaeuser downgraded shares of Aixtron AG from a “buy” rating to a “hold” rating in a research note on Monday. Separately, analysts at Commerzbank AG upgraded shares of Aixtron AG from a “hold” rating to a “buy” rating in a research note on Monday. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Aixtron AG from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Aixtron AG has an average rating of “Hold” and an average price target of $12.84.

Aixtron AG (NASDAQ:AIXG) traded up 0.25% on Wednesday, hitting $15.81. The stock had a trading volume of 123,928 shares. Aixtron AG has a one year low of $12.44 and a one year high of $18.06. The stock has a 50-day moving average of $15.79 and a 200-day moving average of $15.2. The company’s market cap is $1.599 billion.

Aixtron AG (NASDAQ:AIXG) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.18) EPS for the quarter. On average, analysts predict that Aixtron AG will post $-0.92 earnings per share for the current fiscal year.

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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