Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned an average rating of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $70.40.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. Citigroup decreased their price target on shares of Advanced Energy Industries from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, September 25th. BidaskClub lowered shares of Advanced Energy Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, July 27th. Cowen reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, August 1st. Finally, Stifel Nicolaus cut their price objective on shares of Advanced Energy Industries from $87.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, August 1st.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEIS. Schroder Investment Management Group bought a new position in Advanced Energy Industries in the 2nd quarter worth approximately $110,000. Integrated Investment Consultants LLC bought a new position in Advanced Energy Industries in the 2nd quarter worth approximately $136,000. HPM Partners LLC bought a new position in Advanced Energy Industries in the 2nd quarter worth approximately $211,000. Fox Run Management L.L.C. bought a new position in Advanced Energy Industries in the 3rd quarter worth approximately $221,000. Finally, Hikari Power Ltd bought a new position in Advanced Energy Industries in the 2nd quarter worth approximately $222,000. 99.32% of the stock is owned by institutional investors.

Shares of AEIS stock traded down $0.02 during trading hours on Thursday, hitting $42.38. 7,303 shares of the company were exchanged, compared to its average volume of 444,606. Advanced Energy Industries has a 52-week low of $40.43 and a 52-week high of $86.36. The firm has a market cap of $1.67 billion, a P/E ratio of 10.04, a PEG ratio of 1.01 and a beta of 1.16.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, October 29th. The electronics maker reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Advanced Energy Industries had a net margin of 13.18% and a return on equity of 32.09%. The company had revenue of $173.10 million during the quarter, compared to analyst estimates of $170.50 million. During the same quarter last year, the business posted $1.19 EPS. Advanced Energy Industries’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Advanced Energy Industries will post 4.28 earnings per share for the current fiscal year.

About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as 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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