Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $84.60.
AEIS has been the topic of several research reports. ValuEngine downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Needham & Company LLC upped their target price on Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Friday, November 3rd. BidaskClub downgraded Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Finally, DA Davidson initiated coverage on Advanced Energy Industries in a research report on Wednesday, January 10th. They issued a “buy” rating and a $100.00 target price on the stock.
In related news, Director Grant H. Beard sold 10,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $71.86, for a total value of $718,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.13% of the stock is owned by corporate insiders.
Advanced Energy Industries (NASDAQ AEIS) opened at $65.16 on Tuesday. The stock has a market capitalization of $2,580.00, a price-to-earnings ratio of 19.28, a PEG ratio of 1.51 and a beta of 1.24. Advanced Energy Industries has a 12-month low of $60.84 and a 12-month high of $95.00.
Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Tuesday, January 30th. The electronics maker reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. Advanced Energy Industries had a return on equity of 35.06% and a net margin of 20.55%. The firm had revenue of $179.21 million for the quarter, compared to the consensus estimate of $177.07 million. During the same period in the prior year, the firm earned $1.06 EPS. The firm’s revenue was up 32.4% on a year-over-year basis. research analysts predict that Advanced Energy Industries will post 4.76 EPS for the current fiscal year.
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About Advanced Energy Industries
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
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