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

Several equities research analysts have recently issued reports on AEIS shares. Dougherty & Co lifted their price objective on shares of Advanced Energy Industries from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Raymond James Financial Inc. cut shares of Advanced Energy Industries from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 14th. Zacks Investment Research cut shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Citigroup Inc. cut shares of Advanced Energy Industries to a “market perform” rating in a research report on Thursday, July 14th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.20.

The firm’s 50 day moving average price is $41.84 and its 200 day moving average price is $36.50. The company has a market capitalization of $1.80 billion and a PE ratio of 17.40.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, August 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. During the same period in the previous year, the company earned $0.43 EPS. The business earned $118.80 million during the quarter, compared to analyst estimates of $111.52 million. 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 EPS for the current year.

An institutional investor recently raised its position in Advanced Energy Industries stock. KBC Group NV raised its stake in Advanced Energy Industries Inc. (NASDAQ:AEIS) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,851 shares of the company’s stock after buying an additional 8,986 shares during the period. KBC Group NV owned approximately 0.14% of Advanced Energy Industries worth $1,548,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.