Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) was upgraded by investment analysts at Bank of America from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm presently has a $140.00 target price on the electronics maker's stock. Bank of America's price objective suggests a potential upside of 14.08% from the company's previous close.
Several other brokerages have also issued reports on AEIS. Benchmark restated a "buy" rating and set a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Wells Fargo & Company raised their price target on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Baird R W upgraded shares of Advanced Energy Industries to a "strong-buy" rating in a research note on Friday, September 20th. Susquehanna cut their price objective on shares of Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Finally, StockNews.com raised shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $120.25.
Get Our Latest Analysis on Advanced Energy Industries
Advanced Energy Industries Stock Up 4.7 %
NASDAQ:AEIS traded up $5.50 on Monday, hitting $122.72. The stock had a trading volume of 352,018 shares, compared to its average volume of 212,993. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The stock has a market cap of $4.62 billion, a P/E ratio of 102.82, a price-to-earnings-growth ratio of 6.92 and a beta of 1.47. Advanced Energy Industries has a 1 year low of $89.11 and a 1 year high of $124.02. The firm's fifty day simple moving average is $112.38 and its two-hundred day simple moving average is $108.01.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. During the same quarter last year, the business posted $1.12 EPS. Advanced Energy Industries's quarterly revenue was down 8.7% compared to the same quarter last year. Analysts predict that Advanced Energy Industries will post 2.52 earnings per share for the current year.
Insider Buying and Selling at Advanced Energy Industries
In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares of the company's stock, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company's stock.
Institutional Trading of Advanced Energy Industries
A number of hedge funds have recently made changes to their positions in AEIS. Huntington National Bank lifted its holdings in shares of Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock worth $33,000 after acquiring an additional 208 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Advanced Energy Industries during the 3rd quarter worth $41,000. Meeder Asset Management Inc. lifted its holdings in shares of Advanced Energy Industries by 68.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock worth $48,000 after acquiring an additional 186 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Advanced Energy Industries during the 2nd quarter worth $87,000. Finally, Blue Trust Inc. lifted its holdings in shares of Advanced Energy Industries by 2,150.0% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker's stock worth $88,000 after acquiring an additional 774 shares during the last quarter. 99.67% of the stock is owned by institutional investors.
Advanced Energy Industries Company Profile
(
Get Free Report)
Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.
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