Advanced Energy Industries (AEIS) Stock Rating Lowered by TheStreet

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Advanced Energy Industries (NASDAQ:AEIS) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also recently issued reports on AEIS. Citigroup lowered their target price on Advanced Energy Industries from $58.00 to $50.00 and set a “hold” rating for the company in a report on Wednesday. BidaskClub cut Advanced Energy Industries from a “sell” rating to a “strong sell” rating in a report on Friday, July 27th. Cowen reaffirmed a “buy” rating and issued a $76.00 target price on shares of Advanced Energy Industries in a report on Wednesday, August 1st. Raymond James raised Advanced Energy Industries from a “market perform” rating to an “outperform” rating in a report on Thursday, July 5th. They noted that the move was a valuation call. Finally, Stifel Nicolaus lowered their target price on Advanced Energy Industries from $87.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Advanced Energy Industries currently has an average rating of “Hold” and a consensus price target of $70.17.

Shares of Advanced Energy Industries stock traded up $2.24 during trading on Tuesday, reaching $45.27. 5,385 shares of the company’s stock were exchanged, compared to its average volume of 429,938. Advanced Energy Industries has a 1-year low of $40.43 and a 1-year high of $91.08. The stock has a market capitalization of $1.59 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Monday, October 29th. The electronics maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. Advanced Energy Industries had a return on equity of 32.09% and a net margin of 13.18%. The company had revenue of $173.10 million during the quarter, compared to analysts’ expectations of $170.50 million. During the same quarter in the previous year, the firm earned $1.19 EPS. Advanced Energy Industries’s revenue was down 2.0% on a year-over-year basis. As a group, research analysts anticipate that Advanced Energy Industries will post 4.45 earnings per share for the current year.

In other Advanced Energy Industries news, CFO Thomas O. Mcgimpsey sold 8,391 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $59.32, for a total value of $497,754.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of AEIS. Royce & Associates LP increased its stake in shares of Advanced Energy Industries by 134.4% in the second quarter. Royce & Associates LP now owns 651,212 shares of the electronics maker’s stock valued at $37,829,000 after buying an additional 373,409 shares during the period. Epoch Investment Partners Inc. increased its stake in shares of Advanced Energy Industries by 486.6% in the second quarter. Epoch Investment Partners Inc. now owns 406,315 shares of the electronics maker’s stock valued at $23,603,000 after buying an additional 337,050 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Advanced Energy Industries in the second quarter valued at about $18,874,000. BlackRock Inc. increased its stake in shares of Advanced Energy Industries by 5.5% in the second quarter. BlackRock Inc. now owns 5,639,384 shares of the electronics maker’s stock valued at $327,592,000 after buying an additional 293,718 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Advanced Energy Industries by 26.3% in the second quarter. Renaissance Technologies LLC now owns 1,392,622 shares of the electronics maker’s stock valued at $80,897,000 after buying an additional 290,200 shares during the period. 92.88% of the stock is owned by institutional investors.

About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as 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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