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Shares of Advanced Energy Industries (NASDAQ:AEIS) have been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the company, AnalystRatings.NET reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.37.

A number of analysts have recently weighed in on AEIS shares. Analysts at Dougherty & Co downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 9th. Separately, analysts at Canaccord Genuity initiated coverage on shares of Advanced Energy Industries in a research note on Wednesday, July 2nd. They set a “hold” rating and a $20.00 price target on the stock. Finally, analysts at Needham & Company LLC downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd.

In other Advanced Energy Industries news, Director Frederick Ball sold 1,500 shares of Advanced Energy Industries stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $18.50, for a total transaction of $27,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at 17.47 on Monday. Advanced Energy Industries has a one year low of $16.52 and a one year high of $29.15. The stock’s 50-day moving average is $18.69 and its 200-day moving average is $22.76. The company has a market cap of $718.2 million and a P/E ratio of 17.99.

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 $1.58 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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