Advanced Energy Industries, Inc. (AEIS) Receives Consensus Recommendation of “Hold” from Analysts

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.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Advanced Energy Industries by 1.7% in the fourth quarter. BlackRock Inc. now owns 5,204,131 shares of the electronics maker’s stock valued at $351,177,000 after purchasing an additional 88,118 shares during the last quarter. State Street Corp boosted its holdings in Advanced Energy Industries by 4.1% in the second quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock valued at $65,937,000 after purchasing an additional 40,286 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Advanced Energy Industries by 5.3% in the fourth quarter. Victory Capital Management Inc. now owns 816,842 shares of the electronics maker’s stock valued at $55,120,000 after purchasing an additional 41,409 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Advanced Energy Industries by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 525,029 shares of the electronics maker’s stock valued at $35,430,000 after purchasing an additional 5,646 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Advanced Energy Industries by 7.1% in the third quarter. New York State Common Retirement Fund now owns 516,601 shares of the electronics maker’s stock valued at $41,721,000 after purchasing an additional 34,380 shares during the last quarter. 93.22% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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