Advanced Energy Industries (NASDAQ:AEIS) Stock Rating Lowered by StockNews.com

Advanced Energy Industries (NASDAQ:AEIS – Get Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

A number of other analysts also recently weighed in on AEIS. Cowen raised their price target on shares of Advanced Energy Industries from $90.00 to $100.00 and gave the stock a “market perform” rating in a research report on Thursday, February 9th. Needham & Company LLC lifted their price objective on shares of Advanced Energy Industries from $88.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Benchmark lifted their price objective on shares of Advanced Energy Industries from $90.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Citigroup lifted their price objective on shares of Advanced Energy Industries from $95.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 15th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Advanced Energy Industries in a report on Tuesday, January 3rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Energy Industries presently has an average rating of “Moderate Buy” and a consensus target price of $104.43.

Advanced Energy Industries Stock Up 2.0 %

AEIS stock opened at $96.36 on Wednesday. Advanced Energy Industries has a twelve month low of $67.55 and a twelve month high of $101.00. The company has a current ratio of 3.02, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.61 billion, a P/E ratio of 17.40 and a beta of 1.56. The firm has a 50 day simple moving average of $94.12 and a 200-day simple moving average of $87.74.

Advanced Energy Industries (NASDAQ:AEIS – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The electronics maker reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.12. Advanced Energy Industries had a net margin of 10.82% and a return on equity of 23.65%. The business had revenue of $490.70 million during the quarter, compared to the consensus estimate of $477.03 million. During the same quarter last year, the company earned $1.30 earnings per share. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts predict that Advanced Energy Industries will post 4.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advanced Energy Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. lifted its stake in Advanced Energy Industries by 1.9% in the second quarter. Baird Financial Group Inc. now owns 6,086 shares of the electronics maker’s stock valued at $444,000 after buying an additional 115 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Advanced Energy Industries by 0.8% during the first quarter. Bank of Montreal Can now owns 18,239 shares of the electronics maker’s stock valued at $1,678,000 after purchasing an additional 136 shares in the last quarter. Pitcairn Co. raised its stake in shares of Advanced Energy Industries by 3.6% during the fourth quarter. Pitcairn Co. now owns 4,176 shares of the electronics maker’s stock valued at $358,000 after purchasing an additional 146 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Advanced Energy Industries by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 26,028 shares of the electronics maker’s stock valued at $2,232,000 after purchasing an additional 149 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of Advanced Energy Industries by 2.6% during the third quarter. Keybank National Association OH now owns 6,005 shares of the electronics maker’s stock valued at $465,000 after purchasing an additional 155 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Advanced Energy Industries Company Profile

(Get Rating)

Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. Its products include Plasma Power Generators, High Voltage Products, Low Voltage Power Supplies, Remote Plasma Sources, Temperature Measurement Products, SCR Power Controllers, Electrostatic Products, and Gas Sensors.