Advanced Energy Industries (NASDAQ:AEIS) Rating Lowered to Hold at BidaskClub

BidaskClub lowered shares of Advanced Energy Industries (NASDAQ:AEIS) from a buy rating to a hold rating in a report issued on Saturday, BidAskClub reports.

A number of other equities analysts have also recently issued reports on the stock. DA Davidson cut shares of Advanced Energy Industries from a buy rating to a neutral rating and decreased their price objective for the company from $60.00 to $55.00 in a research report on Monday, July 8th. Susquehanna Bancshares upgraded shares of Advanced Energy Industries from a neutral rating to a positive rating and boosted their price objective for the company from $45.00 to $82.00 in a research report on Wednesday, May 15th. Zacks Investment Research cut shares of Advanced Energy Industries from a hold rating to a strong sell rating in a research report on Monday, May 13th. Finally, Cowen restated an outperform rating and issued a $60.00 price objective (up previously from $58.00) on shares of Advanced Energy Industries in a research report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $64.20.

Advanced Energy Industries stock traded down $2.20 during mid-day trading on Friday, hitting $54.25. The company’s stock had a trading volume of 328,052 shares, compared to its average volume of 248,761. The company has a current ratio of 5.12, a quick ratio of 4.23 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.16 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 3.30 and a beta of 1.51. The business has a 50 day moving average of $55.17. Advanced Energy Industries has a 12 month low of $38.74 and a 12 month high of $62.37.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, May 6th. The electronics maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. Advanced Energy Industries had a net margin of 17.46% and a return on equity of 22.16%. The firm had revenue of $140.74 million for the quarter, compared to analysts’ expectations of $143.63 million. During the same quarter in the previous year, the company earned $1.34 earnings per share. The company’s revenue for the quarter was down 28.1% compared to the same quarter last year. Equities analysts forecast that Advanced Energy Industries will post 1.71 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in AEIS. Geode Capital Management LLC increased its position in shares of Advanced Energy Industries by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 434,929 shares of the electronics maker’s stock valued at $18,671,000 after buying an additional 22,261 shares during the period. American Century Companies Inc. increased its position in shares of Advanced Energy Industries by 20.2% during the fourth quarter. American Century Companies Inc. now owns 280,459 shares of the electronics maker’s stock valued at $12,040,000 after buying an additional 47,157 shares during the period. US Bancorp DE increased its position in shares of Advanced Energy Industries by 351.6% during the first quarter. US Bancorp DE now owns 7,479 shares of the electronics maker’s stock valued at $372,000 after buying an additional 5,823 shares during the period. FMR LLC increased its position in shares of Advanced Energy Industries by 141.6% during the fourth quarter. FMR LLC now owns 1,890,706 shares of the electronics maker’s stock valued at $81,168,000 after buying an additional 1,108,167 shares during the period. Finally, Amalgamated Bank purchased a new position in shares of Advanced Energy Industries during the fourth quarter valued at about $260,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.

Further Reading: Stop Order Uses For Individual Investors

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.