Trade Report: Today, Advanced Energy Industries Inc. (NASDAQ:AEIS) Receives Consensus Recommendation of “Hold” from Brokerages

Today, Advanced Energy Industries Inc. (NASDAQ:AEIS) Receives Consensus Recommendation of “Hold” from Brokerages

Advanced Energy Industries Inc. (NASDAQ:AEIS) has been given an average rating of “Hold” by the eight analysts that are presently covering the stock. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $40.50.

Several research analysts have recently commented on AEIS shares. Zacks Investment Research downgraded Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Dougherty & Co raised their price objective on Advanced Energy Industries from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Citigroup Inc. downgraded Advanced Energy Industries to a “market perform” rating in a research note on Thursday, July 14th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. downgraded Advanced Energy Industries from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 14th.

A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Advanced Energy Industries by 37.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,664 shares of the company’s stock worth $101,000 after buying an additional 719 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in Advanced Energy Industries during the second quarter worth about $106,000. BlackRock Inc. increased its stake in Advanced Energy Industries by 30.1% in the first quarter. BlackRock Inc. now owns 3,104 shares of the company’s stock worth $109,000 after buying an additional 718 shares during the last quarter. PineBridge Investments L.P. increased its stake in Advanced Energy Industries by 4.1% in the second quarter. PineBridge Investments L.P. now owns 5,018 shares of the company’s stock worth $191,000 after buying an additional 196 shares during the last quarter. Finally, US Bancorp DE increased its stake in Advanced Energy Industries by 32.7% in the second quarter. US Bancorp DE now owns 5,230 shares of the company’s stock worth $198,000 after buying an additional 1,289 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Advanced Energy Industries (NASDAQ:AEIS) traded up 1.9759% during mid-day trading on Thursday, reaching $48.1836. The company’s stock had a trading volume of 135,995 shares. The company’s 50-day moving average price is $45.12 and its 200-day moving average price is $39.01. The stock has a market capitalization of $1.91 billion, a P/E ratio of 18.4682 and a beta of 0.89. Advanced Energy Industries has a 12-month low of $24.25 and a 12-month high of $48.28.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. Advanced Energy Industries had a return on equity of 28.45% and a net margin of 24.01%. The firm had revenue of $118.80 million for the quarter, compared to the consensus estimate of $111.52 million. During the same quarter last year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Energy Industries will post $2.73 earnings per share for the current fiscal year.

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