Advanced Energy Industries Inc. (NASDAQ:AEIS)’s share price traded up 1.9% during trading on Thursday . The stock traded as high as $44.86 and last traded at $44.80, with a volume of 108,751 shares changing hands. The stock had previously closed at $43.95.

Several equities analysts have commented on the company. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Wednesday, May 4th. Dougherty & Co upped their price target on Advanced Energy Industries from $38.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Raymond James Financial Inc. cut Advanced Energy Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 14th. Finally, Citigroup Inc. cut Advanced Energy Industries to a “market perform” rating in a report on Thursday, July 14th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Advanced Energy Industries presently has a consensus rating of “Hold” and an average price target of $40.20.

The company has a market capitalization of $1.79 billion and a price-to-earnings ratio of 17.25. The stock has a 50-day moving average price of $41.52 and a 200 day moving average price of $36.37.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The company earned $118.80 million during the quarter, compared to the consensus estimate of $111.52 million. During the same quarter in the previous year, the business earned $0.43 EPS. Advanced Energy Industries’s revenue was up 9.3% on a year-over-year basis. Equities analysts predict that Advanced Energy Industries Inc. will post $2.71 earnings per share for the current year.

An institutional investor recently raised its position in Advanced Energy Industries stock. KBC Group NV increased its stake in shares of Advanced Energy Industries Inc. (NASDAQ:AEIS) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,851 shares of the company’s stock after buying an additional 8,986 shares during the period. KBC Group NV owned 0.14% of Advanced Energy Industries worth $1,548,000 as of its most recent filing with the SEC.

Advanced Energy Industries, Inc provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

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