SunTrust Banks Reiterates “$14.00” Price Target for AES (AES)

AES (NYSE:AES) has been given a $14.00 target price by equities research analysts at SunTrust Banks in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the utilities provider’s stock. SunTrust Banks’ price target would indicate a potential upside of 37.66% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on AES. UBS Group assumed coverage on shares of AES in a report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 target price on the stock. ValuEngine cut shares of AES from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and set a $11.50 target price on the stock in a report on Tuesday, October 24th. Finally, Morgan Stanley dropped their target price on shares of AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. AES presently has an average rating of “Hold” and a consensus target price of $12.42.

Shares of AES (NYSE:AES) traded down $0.03 during mid-day trading on Monday, hitting $10.17. 2,430,701 shares of the stock were exchanged, compared to its average volume of 10,908,104. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.89 and a current ratio of 0.99. The company has a market cap of $6,735.94, a PE ratio of -8.61, a price-to-earnings-growth ratio of 1.08 and a beta of 1.26. AES has a 12 month low of $9.86 and a 12 month high of $12.05.

A number of institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its holdings in AES by 1.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 348,490 shares of the utilities provider’s stock valued at $3,773,000 after acquiring an additional 5,700 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in AES by 19.8% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 41,834 shares of the utilities provider’s stock valued at $453,000 after acquiring an additional 6,921 shares during the period. CAPROCK Group Inc. raised its holdings in AES by 69.5% in the 4th 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 during the period. Rhumbline Advisers raised its holdings in AES by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 1,116,591 shares of the utilities provider’s stock valued at $12,305,000 after acquiring an additional 8,305 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its holdings in AES by 10.8% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 95,939 shares of the utilities provider’s stock valued at $1,039,000 after acquiring an additional 9,315 shares during the period. 90.40% of the stock is currently owned by hedge funds and other institutional investors.

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AES 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.

Analyst Recommendations for AES (NYSE:AES)

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