Advanced Energy Industries (NASDAQ:AEIS) Raised to “Hold” at BidaskClub

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

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

Shares of NASDAQ AEIS opened at $56.35 on Friday. The company has a market capitalization of $2.13 billion, a P/E ratio of 13.45 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.83 and a quick ratio of 4.87. The company has a 50 day simple moving average of $52.30 and a 200-day simple moving average of $52.59. Advanced Energy Industries has a 1 year low of $38.74 and a 1 year high of $60.76.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, August 5th. The electronics maker reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. The firm had revenue of $134.81 million for the quarter, compared to analysts’ expectations of $135.78 million. Advanced Energy Industries had a return on equity of 16.57% and a net margin of 16.80%. The firm’s quarterly revenue was down 31.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. As a group, research analysts expect that Advanced Energy Industries will post 1.54 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its stake in Advanced Energy Industries by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,906 shares of the electronics maker’s stock worth $741,000 after acquiring an additional 269 shares in the last quarter. Mason Street Advisors LLC boosted its position in Advanced Energy Industries by 2.6% in the 1st quarter. Mason Street Advisors LLC now owns 12,269 shares of the electronics maker’s stock valued at $610,000 after buying an additional 316 shares during the period. Aperio Group LLC boosted its position in Advanced Energy Industries by 2.0% in the 2nd quarter. Aperio Group LLC now owns 19,454 shares of the electronics maker’s stock valued at $1,095,000 after buying an additional 375 shares during the period. Arizona State Retirement System boosted its position in Advanced Energy Industries by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 59,312 shares of the electronics maker’s stock valued at $3,337,000 after buying an additional 377 shares during the period. Finally, Bbva Compass Bancshares Inc. grew its stake in shares of Advanced Energy Industries by 6.1% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,690 shares of the electronics maker’s stock worth $332,000 after acquiring an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 97.54% 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.

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Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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