Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its target price dropped by research analysts at TD Cowen from $120.00 to $118.00 in a research report issued on Thursday, Marketbeat Ratings reports. The firm presently has a "hold" rating on the electronics maker's stock. TD Cowen's price target would indicate a potential upside of 8.73% from the company's previous close.
AEIS has been the subject of a number of other research reports. Baird R W raised shares of Advanced Energy Industries to a "strong-buy" rating in a research report on Friday, September 20th. Citigroup cut shares of Advanced Energy Industries from a "buy" rating to a "neutral" rating and set a $113.00 price objective for the company. in a research report on Monday, July 15th. Benchmark reaffirmed a "buy" rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Susquehanna lowered 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 research report on Friday, October 11th. Finally, Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They set a "buy" rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $112.89.
View Our Latest Research Report on AEIS
Advanced Energy Industries Trading Up 0.7 %
NASDAQ:AEIS traded up $0.76 on Thursday, hitting $108.53. The stock had a trading volume of 529,692 shares, compared to its average volume of 211,391. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 45.22, a PEG ratio of 5.41 and a beta of 1.49. The company has a fifty day moving average price of $104.07 and a two-hundred day moving average price of $104.74. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $119.75.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The business's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. Equities research analysts expect that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Advanced Energy Industries
A number of hedge funds and other institutional investors have recently modified their holdings of AEIS. Vanguard Group Inc. raised its stake in Advanced Energy Industries by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker's stock worth $463,335,000 after acquiring an additional 73,028 shares in the last quarter. Earnest Partners LLC raised its stake in Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker's stock worth $182,910,000 after acquiring an additional 199,578 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Advanced Energy Industries by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker's stock worth $103,428,000 after acquiring an additional 15,577 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker's stock worth $70,442,000 after acquiring an additional 118,328 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker's stock worth $58,754,000 after acquiring an additional 102,659 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.
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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