Cowen downgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from an outperform rating to a market perform rating in a report published on Friday, BenzingaRatingsTable reports. They currently have $57.00 price objective on the electronics maker’s stock, down from their previous price objective of $60.00.
Several other research analysts have also weighed in on the stock. DA Davidson upgraded shares of Advanced Energy Industries from a neutral rating to a buy rating in a research note on Thursday, September 26th. Citigroup upgraded shares of Advanced Energy Industries from a neutral rating to a buy rating and upped their price objective for the company from $55.00 to $68.00 in a research note on Monday, September 23rd. BidaskClub upgraded shares of Advanced Energy Industries from a sell rating to a hold rating in a research note on Saturday, September 7th. Finally, ValuEngine lowered shares of Advanced Energy Industries from a buy rating to a hold rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $67.20.
Shares of AEIS stock traded down $0.11 during trading hours on Friday, reaching $53.83. 420,568 shares of the stock traded hands, compared to its average volume of 253,680. Advanced Energy Industries has a 1-year low of $38.74 and a 1-year high of $60.76. The business has a fifty day moving average price of $54.52 and a 200 day moving average price of $53.65. The company has a quick ratio of 4.87, a current ratio of 5.83 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.07 billion, a PE ratio of 12.85 and a beta of 1.52.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, August 5th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $134.81 million for the quarter, compared to analyst estimates of $135.78 million. During the same quarter in the previous year, the business earned $1.25 earnings per share. The firm’s revenue was down 31.2% compared to the same quarter last year. Research analysts expect that Advanced Energy Industries will post 1.54 earnings per share for the current fiscal year.
In other Advanced Energy Industries news, CEO Yuval Wasserman sold 6,610 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $60.05, for a total value of $396,930.50. Following the completion of the sale, the chief executive officer now directly owns 160,801 shares of the company’s stock, valued at $9,656,100.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new stake in shares of Advanced Energy Industries during the 2nd quarter worth $33,000. Private Capital Group LLC boosted its holdings in shares of Advanced Energy Industries by 280.0% during the 2nd quarter. Private Capital Group LLC now owns 646 shares of the electronics maker’s stock worth $38,000 after buying an additional 476 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Advanced Energy Industries during the 2nd quarter worth $62,000. Cerebellum GP LLC bought a new stake in Advanced Energy Industries in the 3rd quarter valued at $122,000. Finally, Hikari Power Ltd bought a new stake in Advanced Energy Industries in the 2nd quarter valued at $205,000. 97.54% of the stock is owned by institutional investors.
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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