Advanced Energy Industries (NASDAQ:AEIS) Downgraded by DA Davidson

DA Davidson downgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a buy rating to a neutral rating in a research note published on Monday morning, BenzingaRatingsTable reports. DA Davidson currently has $55.00 target price on the electronics maker’s stock, down from their prior target price of $60.00.

A number of other analysts have also commented on AEIS. Zacks Investment Research upgraded Gerdau from a sell rating to a hold rating in a research report on Monday, May 13th. Susquehanna Bancshares started coverage on MKS Instruments in a research report on Wednesday, May 15th. They set a positive rating and a $123.00 target price for the company. Cowen restated a buy rating on shares of Adverum Biotechnologies in a research report on Thursday, May 16th. TheStreet lowered Red Lion Hotels from a c rating to a d+ rating in a research report on Wednesday, April 3rd. Finally, BidaskClub upgraded Zillow Group from a buy rating to a strong-buy rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $64.20.

AEIS stock traded down $1.09 during midday trading on Monday, reaching $52.05. The stock had a trading volume of 215,113 shares, compared to its average volume of 307,772. The business’s fifty day moving average price is $52.98. 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 company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 3.23 and a beta of 1.55. Advanced Energy Industries has a twelve month low of $38.74 and a twelve month high of $64.25.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Advanced Energy Industries by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 434,929 shares of the electronics maker’s stock valued at $18,671,000 after purchasing an additional 22,261 shares during the period. Stone Ridge Asset Management LLC grew its position in shares of Advanced Energy Industries by 89.1% in the 4th quarter. Stone Ridge Asset Management LLC now owns 22,938 shares of the electronics maker’s stock valued at $985,000 after purchasing an additional 10,805 shares during the period. Metropolitan Life Insurance Co. NY grew its position in shares of Advanced Energy Industries by 361.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 12,741 shares of the electronics maker’s stock valued at $547,000 after purchasing an additional 9,979 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at approximately $563,000. Finally, Squarepoint Ops LLC grew its position in shares of Advanced Energy Industries by 353.2% in the 4th quarter. Squarepoint Ops LLC now owns 39,278 shares of the electronics maker’s stock valued at $1,686,000 after purchasing an additional 30,611 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.

About Advanced Energy Industries

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: Price-Sales Ratio

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.