Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Average Recommendation of “Hold” by Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $64.20.

A number of analysts have weighed in on AEIS shares. BidaskClub cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. DA Davidson cut shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $60.00 to $55.00 in a report on Monday, July 8th. Cowen reissued an “outperform” rating and set a $60.00 price objective (up previously from $58.00) on shares of Advanced Energy Industries in a report on Thursday, May 16th. Susquehanna Bancshares raised shares of Advanced Energy Industries from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $45.00 to $82.00 in a report on Wednesday, May 15th. Finally, Zacks Investment Research cut shares of Advanced Energy Industries from a “hold” rating to a “strong sell” rating in a report on Monday, May 13th.

Several institutional investors have recently made changes to their positions in AEIS. Millennium Management LLC boosted its holdings in shares of Advanced Energy Industries by 30.3% during the fourth quarter. Millennium Management LLC now owns 5,670 shares of the electronics maker’s stock worth $243,000 after purchasing an additional 1,317 shares during the period. Norges Bank purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $27,068,000. Geode Capital Management LLC boosted its holdings in shares of Advanced Energy Industries by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 434,929 shares of the electronics maker’s stock worth $18,671,000 after purchasing an additional 22,261 shares during the period. Brinker Capital Inc. boosted its holdings in shares of Advanced Energy Industries by 14.0% during the first quarter. Brinker Capital Inc. now owns 9,966 shares of the electronics maker’s stock worth $495,000 after purchasing an additional 1,223 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Advanced Energy Industries by 15.0% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,109 shares of the electronics maker’s stock worth $800,000 after purchasing an additional 2,105 shares during the period. 98.97% of the stock is currently owned by institutional investors and hedge funds.

AEIS stock traded down $2.09 during midday trading on Friday, reaching $47.81. 105,366 shares of the company were exchanged, compared to its average volume of 287,487. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.87 and a current ratio of 5.83. Advanced Energy Industries has a 1-year low of $38.74 and a 1-year high of $62.00. The stock’s 50-day simple moving average is $53.16 and its 200 day simple moving average is $52.48. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 11.41 and a beta of 1.51.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, August 5th. The electronics maker reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. Advanced Energy Industries had a net margin of 16.80% and a return on equity of 16.57%. The company had revenue of $134.81 million for the quarter, compared to analysts’ expectations of $135.78 million. During the same quarter last year, the company earned $1.25 earnings per share. The firm’s revenue for the quarter was down 31.2% on a year-over-year basis. On average, research analysts anticipate that Advanced Energy Industries will post 1.54 earnings per share for the current year.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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