Advanced Energy Industries Given Average Recommendation of “Hold” by Brokerages (NASDAQ:AEIS)
Advanced Energy Industries (NASDAQ:AEIS) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Analyst Ratings News reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $23.60.
Several analysts have recently commented on the stock. Analysts at Sidoti initiated coverage on shares of Advanced Energy Industries in a research note on Wednesday, August 13th. They set a “buy” rating on the stock. Separately, 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. Finally, 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.
Advanced Energy Industries (NASDAQ:AEIS) traded down 0.26% during mid-day trading on Friday, hitting $18.97. 5,516 shares of the company’s stock traded hands. Advanced Energy Industries has a 52-week low of $16.00 and a 52-week high of $29.15. The stock’s 50-day moving average is $18.01 and its 200-day moving average is $21.30. The company has a market cap of $757.5 million and a price-to-earnings ratio of 13.18.
Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Advanced Energy Industries will post $1.27 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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