The AES Corporation (AES) Given Consensus Rating of “Hold” by Brokerages
The AES Corporation (NYSE:AES) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a 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 $13.50.
Several analysts recently commented on AES shares. BidaskClub upgraded shares of The AES Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. ValuEngine downgraded shares of The AES Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Morgan Stanley reiterated an “equal weight” rating on shares of The AES Corporation in a research report on Monday, July 10th. Finally, Zacks Investment Research upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, July 12th.
Institutional investors have recently made changes to their positions in the business. Ffcm LLC raised its position in The AES Corporation by 171.8% during the 2nd quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock worth $116,000 after buying an additional 6,634 shares during the last quarter. Jane Street Group LLC purchased a new position in The AES Corporation during the 1st quarter worth $117,000. Community Bank & Trust Waco Texas purchased a new position in The AES Corporation during the 2nd quarter worth $134,000. Pacer Advisors Inc. raised its position in The AES Corporation by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock worth $150,000 after buying an additional 402 shares during the last quarter. Finally, Huntington National Bank raised its position in The AES Corporation by 62.7% during the 2nd quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock worth $158,000 after buying an additional 5,492 shares during the last quarter. Institutional investors own 93.18% of the company’s stock.
Shares of The AES Corporation (AES) opened at 11.27 on Thursday. The AES Corporation has a 12-month low of $10.60 and a 12-month high of $12.48. The stock’s 50 day moving average is $11.21 and its 200-day moving average is $11.31. The stock’s market capitalization is $7.44 billion.
The AES Corporation (NYSE:AES) last released its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The AES Corporation’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts expect that The AES Corporation will post $1.05 earnings per share for the current year.
The AES Corporation 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. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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