AES Corp. Sets New 12-Month High at $15.57 (AES)
Shares of AES Corp. (NYSE:AES) reached a new 52-week high during mid-day trading on Thursday , Stock Ratings Network reports. The company traded as high as $15.57 and last traded at $15.50, with a volume of 3,512,110 shares trading hands. The stock had previously closed at $15.32.
A number of analysts have recently weighed in on AES shares. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of AES Corp. in a research note on Thursday. They now have a $16.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AES Corp. in a research note on Friday, June 6th. They now have a $15.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $16.10.
The stock has a 50-day moving average of $14.29 and a 200-day moving average of $14.21. The company’s market cap is $11.177 billion.
AES Corp. (NYSE:AES) last released its earnings data on Thursday, May 8th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.03. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that AES Corp. will post $1.34 EPS for the current fiscal year.
The AES Corporation (NYSE:AES) owns a portfolio of electricity generation and distribution businesses on five continents in 27 countries, with total capacity of approximately 44,200 megawatts and distribution networks.
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