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Sidoti started coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

AEIS has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Advanced Energy Industries from $20.00 to $18.00 in a research note on Wednesday, August 6th. Separately, 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.60.

Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at 18.06 on Wednesday. Advanced Energy Industries has a 1-year low of $16.00 and a 1-year high of $29.15. The stock’s 50-day moving average is $17.96 and its 200-day moving average is $21.87. The company has a market cap of $721.2 million and a P/E ratio of 12.33.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, August 4th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.04. The company had revenue of $146.00 million for the quarter, compared to the consensus estimate of $140.02 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that Advanced Energy Industries will post $1.27 EPS 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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