The AES Corp. (AES) Given Average Recommendation of “Hold” by Analysts
The AES Corp. (NYSE:AES) has received an average rating of “Hold” from the eight ratings firms that are presently covering the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $12.75.
AES has been the subject of several recent analyst reports. Zacks Investment Research raised The AES Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Barclays PLC lowered The AES Corp. from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $14.00 to $12.00 in a research report on Tuesday, October 4th. TheStreet lowered The AES Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of The AES Corp. in a research report on Thursday, June 16th.
Shares of The AES Corp. (NYSE:AES) traded down 0.814% during trading on Tuesday, reaching $11.575. 1,788,783 shares of the company’s stock were exchanged. The AES Corp. has a 12 month low of $8.22 and a 12 month high of $13.32. The firm’s market cap is $7.63 billion. The stock has a 50-day moving average price of $12.46 and a 200 day moving average price of $11.86.
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The AES Corp. (NYSE:AES) last announced its earnings results on Friday, August 5th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The AES Corp. had a negative net margin of 1.89% and a positive return on equity of 13.56%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. On average, analysts forecast that The AES Corp. will post $0.99 EPS for the current year.
Several large investors have recently added to or reduced their stakes in AES. Tocqueville Asset Management L.P. purchased a new stake in The AES Corp. during the second quarter worth about $133,000. Invictus RG increased its stake in The AES Corp. by 21.9% in the first quarter. Invictus RG now owns 11,906 shares of the company’s stock worth $140,000 after buying an additional 2,140 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in The AES Corp. during the first quarter worth about $142,000. Nuveen Fund Advisors LLC purchased a new stake in The AES Corp. during the second quarter worth about $192,000. Finally, Tredje AP fonden purchased a new stake in The AES Corp. during the second quarter worth about $234,000. Institutional investors and hedge funds own 94.54% of the company’s stock.
The AES Corp. Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
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