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Advanced Energy Industries (NASDAQ:AEIS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, AnalystRatings.NET reports. They currently have a $20.20 price objective on the stock. Zacks‘s target price suggests a potential upside of 10.62% from the company’s current price.

A number of other analysts have also recently weighed in on AEIS. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Advanced Energy Industries in a research note on Wednesday, May 7th. They now have a $28.00 price target on the stock, down previously from $33.00. Separately, analysts at Needham & Company LLC cut their price target on shares of Advanced Energy Industries from $30.00 to $25.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James upgraded shares of Advanced Energy Industries from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. They now have a $32.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $24.28.

Advanced Energy Industries (NASDAQ:AEIS) traded down 0.77% on Wednesday, hitting $18.12. The stock had a trading volume of 450,161 shares. Advanced Energy Industries has a 52-week low of $16.29 and a 52-week high of $29.15. The stock’s 50-day moving average is $22.70 and its 200-day moving average is $24.0. The company has a market cap of $739.5 million and a P/E ratio of 18.81.

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 $1.44 earnings per share 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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