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Analysts at Sidoti 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 and a $25.00 price target on the stock. Sidoti’s price objective would suggest a potential upside of 31.58% from the stock’s previous close.

AEIS has been the subject of a number of other recent research reports. Analysts at GARP Research initiated coverage on shares of Advanced Energy Industries in a research note on Friday. 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 analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.83.

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 released its 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. 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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