Advanced Energy Industries (AEIS) Upgraded at BidaskClub

BidaskClub upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a strong sell rating to a sell rating in a research note released on Saturday.

A number of other analysts have also weighed in on the stock. Citigroup cut their target price on shares of Advanced Energy Industries from $68.00 to $58.00 and set a neutral rating on the stock in a research report on Tuesday, September 25th. Zacks Investment Research lowered shares of Advanced Energy Industries from a hold rating to a sell rating in a research report on Monday, August 6th. Stifel Nicolaus cut their target price on shares of Advanced Energy Industries from $87.00 to $78.00 and set a hold rating on the stock in a research report on Wednesday, August 1st. Cowen cut their target price on shares of Advanced Energy Industries from $76.00 to $58.00 and set an outperform rating on the stock in a research report on Wednesday, October 31st. Finally, TheStreet lowered shares of Advanced Energy Industries from a b- rating to a c+ rating in a research report on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Advanced Energy Industries has an average rating of Hold and an average target price of $70.17.

Shares of Advanced Energy Industries stock opened at $45.05 on Friday. Advanced Energy Industries has a fifty-two week low of $40.43 and a fifty-two week high of $87.38. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 1.05 and a beta of 1.16.

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

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

Several hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB raised its stake in shares of Advanced Energy Industries by 16.9% during the second quarter. Xact Kapitalforvaltning AB now owns 6,237 shares of the electronics maker’s stock valued at $362,000 after acquiring an additional 900 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Advanced Energy Industries by 1.0% during the second quarter. Rhumbline Advisers now owns 99,035 shares of the electronics maker’s stock valued at $5,753,000 after acquiring an additional 938 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in Advanced Energy Industries by 20.5% during the second quarter. Meadow Creek Investment Management LLC now owns 5,600 shares of the electronics maker’s stock worth $325,000 after buying an additional 952 shares during the last quarter. Dana Investment Advisors Inc. raised its stake in Advanced Energy Industries by 2.9% during the second quarter. Dana Investment Advisors Inc. now owns 35,317 shares of the electronics maker’s stock worth $2,052,000 after buying an additional 994 shares during the last quarter. Finally, NumerixS Investment Technologies Inc raised its stake in Advanced Energy Industries by 39.3% during the second quarter. NumerixS Investment Technologies Inc now owns 3,900 shares of the electronics maker’s stock worth $226,000 after buying an additional 1,100 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Company Profile

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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