Advanced Energy Industries Inc. (NASDAQ:AEIS) has been assigned an average rating of “Buy” from the eight research firms that are covering the firm. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $56.00.
AEIS has been the subject of several recent analyst reports. Zacks Investment Research lowered Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Citigroup Inc. began coverage on Advanced Energy Industries in a report on Wednesday, October 12th. They issued a “neutral” rating and a $50.00 target price for the company. Dougherty & Co upped their price objective on Advanced Energy Industries from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 27th. TheStreet upgraded Advanced Energy Industries from a “sell” rating to a “strong-buy” rating in a research note on Monday, October 31st. Finally, Needham & Company LLC upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Thursday, January 5th.
Advanced Energy Industries (NASDAQ:AEIS) opened at 56.84 on Tuesday. The firm’s 50-day moving average price is $55.11 and its 200-day moving average price is $47.73. Advanced Energy Industries has a 1-year low of $24.25 and a 1-year high of $58.31. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 19.26 and a beta of 1.02.
Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The company earned $126.60 million during the quarter, compared to analyst estimates of $118.92 million. Advanced Energy Industries had a return on equity of 29.42% and a net margin of 27.44%. Advanced Energy Industries’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. Equities research analysts forecast that Advanced Energy Industries will post $2.85 EPS for the current fiscal year.
In other Advanced Energy Industries news, Director Thomas M. Rohrs sold 4,000 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $54.86, for a total transaction of $219,440.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.33% of the company’s stock.
Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Advanced Energy Industries by 37.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,664 shares of the company’s stock valued at $101,000 after buying an additional 719 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new position in shares of Advanced Energy Industries during the second quarter worth about $106,000. Victory Capital Management Inc. bought a new position in shares of Advanced Energy Industries during the third quarter worth about $115,000. Meeder Asset Management Inc. bought a new position in shares of Advanced Energy Industries during the third quarter worth about $135,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Advanced Energy Industries during the third quarter worth about $151,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.
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.