Advanced Energy Industries Inc. (NASDAQ:AEIS) has been assigned a consensus rating of “Buy” from the nine ratings firms that are currently covering the company. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $48.00.
A number of equities research analysts have commented on AEIS shares. Citigroup Inc. started coverage on shares of Advanced Energy Industries in a research report on Wednesday, October 12th. They issued a “neutral” rating and a $50.00 target price for the company. Dougherty & Co boosted their price target on shares of Advanced Energy Industries from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 27th. TheStreet upgraded shares of Advanced Energy Industries from a “sell” rating to a “strong-buy” rating in a research note on Monday, October 31st. Finally, Zacks Investment Research cut shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 4th.
In related news, Director Thomas M. Rohrs sold 4,000 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $47.82, for a total value of $191,280.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.33% of the stock is currently owned by corporate insiders.
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Advanced Energy Industries (NASDAQ:AEIS) traded up 0.38% during midday trading on Wednesday, hitting $52.62. The company’s stock had a trading volume of 96,785 shares. The firm has a market cap of $2.09 billion, a P/E ratio of 17.83 and a beta of 1.03. Advanced Energy Industries has a 12 month low of $24.25 and a 12 month high of $56.69. The company’s 50 day moving average price is $51.76 and its 200 day moving average price is $44.61.
Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Advanced Energy Industries had a net margin of 27.44% and a return on equity of 29.42%. The company earned $126.60 million during the quarter, compared to analyst estimates of $118.92 million. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Advanced Energy Industries will post $2.83 EPS for the current year.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
