AES (AES) Rating Lowered to Hold at ValuEngine

AES (NYSE:AES) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other research analysts have also weighed in on the company. UBS Group assumed coverage on AES in a research report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 target price on the stock. Morgan Stanley cut their price objective on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th. Finally, Bank of America raised AES from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $12.58.

Shares of AES (NYSE AES) traded up $0.14 on Thursday, hitting $10.20. The company had a trading volume of 10,310,000 shares, compared to its average volume of 12,651,166. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 3.20. The stock has a market cap of $6,735.95, a price-to-earnings ratio of -8.72, a P/E/G ratio of 1.08 and a beta of 1.26. AES has a twelve month low of $9.86 and a twelve month high of $12.05.

In related news, COO Santos Bernerd Da acquired 4,700 shares of the business’s stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $10.60 per share, with a total value of $49,820.00. Following the completion of the transaction, the chief operating officer now directly owns 96,186 shares of the company’s stock, valued at approximately $1,019,571.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas M. O’flynn bought 9,500 shares of the stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $10.64 per share, with a total value of $101,080.00. Following the completion of the purchase, the chief financial officer now directly owns 219,131 shares of the company’s stock, valued at $2,331,553.84. The disclosure for this purchase can be found here. Company insiders own 1.09% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Trilogy Capital Inc. acquired a new stake in shares of AES during the fourth quarter valued at about $135,000. Cypress Capital Group acquired a new stake in shares of AES during the third quarter valued at about $138,000. Beacon Investment Advisory Services Inc. acquired a new stake in shares of AES during the fourth quarter valued at about $142,000. Buckley Wealth Management LLC acquired a new stake in shares of AES during the fourth quarter valued at about $163,000. Finally, CAPROCK Group Inc. grew its stake in shares of AES by 69.5% during the fourth quarter. CAPROCK Group Inc. now owns 19,692 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 8,073 shares in the last quarter. Institutional investors own 92.58% of the company’s stock.

WARNING: “AES (AES) Rating Lowered to Hold at ValuEngine” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/02/11/aes-aes-rating-lowered-to-hold-at-valuengine.html.

About AES

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AES (NYSE:AES)

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply