Advanced Energy Industries Upgraded by Raymond James to “Strong-Buy” (AEIS)
Advanced Energy Industries (NASDAQ:AEIS) was upgraded by Raymond James from an “outperform” rating to a “strong-buy” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.
Advanced Energy Industries (NASDAQ:AEIS) opened at 16.87 on Wednesday. Advanced Energy Industries has a 52 week low of $16.29 and a 52 week high of $29.15. The stock has a 50-day moving average of $23.83 and a 200-day moving average of $24.15. The company has a market cap of $692.0 million and a P/E ratio of 27.08.
Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, May 5th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.02. The company had revenue of $141.00 million for the quarter, compared to the consensus estimate of $142.60 million. During the same quarter last year, the company posted $0.29 earnings per share. Advanced Energy Industries’s revenue was up 26.0% compared to the same quarter last year. On average, analysts predict that Advanced Energy Industries will post $1.86 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Advanced Energy Industries from $26.00 to $21.00 in a research note on Tuesday. Analysts at Zacks upgraded shares of Advanced Energy Industries from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $29.30 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.72.
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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