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Investment analysts at GARP Research began coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the stock.

Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at 19.00 on Friday. Advanced Energy Industries has a 1-year low of $16.00 and a 1-year high of $29.15. The stock has a 50-day moving average of $18.11 and a 200-day moving average of $21.03. The company has a market cap of $758.7 million and a P/E ratio of 13.15.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, August 4th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. Advanced Energy Industries’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Advanced Energy Industries will post $1.27 EPS for the current fiscal year.

Several other analysts have also 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $23.83.

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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