Advanced Energy Industries (NASDAQ:AEIS) Price Target Cut to $124.00 by Analysts at Robert W. Baird

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price objective dropped by investment analysts at Robert W. Baird from $128.00 to $124.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the electronics maker's stock. Robert W. Baird's price objective suggests a potential upside of 13.17% from the stock's current price.

AEIS has been the subject of a number of other research reports. Needham & Company LLC reissued a "hold" rating on shares of Advanced Energy Industries in a report on Thursday. Citigroup lowered Advanced Energy Industries from a "buy" rating to a "neutral" rating and set a $113.00 price target on the stock. in a research note on Monday, July 15th. Baird R W raised Advanced Energy Industries to a "strong-buy" rating in a report on Friday, September 20th. Benchmark reiterated a "buy" rating and set a $117.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Finally, TD Cowen cut their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $112.44.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock traded up $1.04 on Friday, reaching $109.57. The company's stock had a trading volume of 206,103 shares, compared to its average volume of 211,366. Advanced Energy Industries has a twelve month low of $85.26 and a twelve month high of $119.75. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 96.11, a PEG ratio of 5.45 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. The business's fifty day moving average price is $104.05 and its 200 day moving average price is $104.84.

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 analysts' consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.05%. The firm had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The company's revenue was down 12.2% on a year-over-year basis. Equities analysts expect that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in Advanced Energy Industries by 9.9% during the 1st quarter. BNP Paribas Financial Markets now owns 178,056 shares of the electronics maker's stock worth $18,158,000 after purchasing an additional 16,036 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Advanced Energy Industries by 37.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker's stock valued at $357,000 after acquiring an additional 954 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Advanced Energy Industries during the 1st quarter worth approximately $1,197,000. FORA Capital LLC raised its holdings in shares of Advanced Energy Industries by 26.6% in the first quarter. FORA Capital LLC now owns 4,973 shares of the electronics maker's stock valued at $507,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Advanced Energy Industries in the first quarter worth $114,000. Institutional investors and hedge funds own 99.67% of the company's stock.

About Advanced Energy Industries

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.