AES (NYSE:AES) had its price target boosted by UBS Group from $12.00 to $13.00 in a research report sent to investors on Wednesday morning, www.benzinga.com reports. They currently have a neutral rating on the utilities provider’s stock.
Several other analysts also recently commented on AES. Scotiabank raised shares of AES from an underperform rating to a sector perform rating in a research report on Wednesday, May 9th. Bank of America downgraded shares of AES from a buy rating to a neutral rating in a research report on Wednesday, May 16th. They noted that the move was a valuation call. ValuEngine raised shares of AES from a hold rating to a buy rating in a research report on Wednesday, February 28th. Zacks Investment Research raised shares of AES from a hold rating to a buy rating and set a $13.00 target price for the company in a research report on Wednesday, April 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AES from $12.00 to $13.00 and gave the stock an overweight rating in a research report on Monday, March 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $12.93.
AES stock opened at $12.86 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.12 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 1.30 and a beta of 1.18. AES has a 12 month low of $9.86 and a 12 month high of $13.35.
AES (NYSE:AES) last posted its earnings results on Tuesday, May 8th. The utilities provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.13 billion. AES had a negative net margin of 3.63% and a positive return on equity of 18.70%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. equities research analysts predict that AES will post 1.21 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Mizuho Securities USA LLC acquired a new stake in shares of AES in the first quarter worth $114,000. Evergreen Capital Management LLC acquired a new stake in shares of AES in the first quarter worth $117,000. Lakeview Capital Partners LLC acquired a new stake in shares of AES in the first quarter worth $124,000. Miles Capital Inc. acquired a new stake in shares of AES in the first quarter worth $142,000. Finally, Highland Capital Management LP acquired a new stake in shares of AES in the first quarter worth $171,000. Institutional investors and hedge funds own 94.75% of the company’s stock.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.
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