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.
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.
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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.
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