Wells Fargo & Company Lowers Advanced Energy Industries (NASDAQ:AEIS) Price Target to $98.00

Advanced Energy Industries (NASDAQ:AEIS) had its target price cut by equities researchers at Wells Fargo & Company from $103.00 to $98.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 3.82% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Susquehanna lifted their target price on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen lifted their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 target price on the stock. Finally, Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $114.33.

Advanced Energy Industries Trading Up 0.2 %

Shares of AEIS stock traded up $0.18 on Thursday, hitting $101.89. 79,685 shares of the company’s stock traded hands, compared to its average volume of 208,394. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. Advanced Energy Industries has a one year low of $81.86 and a one year high of $119.75. The company’s fifty day simple moving average is $102.87 and its 200 day simple moving average is $103.41. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 5.12 and a beta of 1.49.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. The business had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. Equities analysts forecast that Advanced Energy Industries will post 2.47 EPS for the current year.

Institutional Trading of Advanced Energy Industries

A number of institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Advanced Energy Industries in the 1st quarter valued at approximately $1,003,000. GSA Capital Partners LLP purchased a new position in Advanced Energy Industries during the 1st quarter worth approximately $799,000. SG Americas Securities LLC purchased a new position in Advanced Energy Industries during the 1st quarter worth approximately $732,000. Capstone Investment Advisors LLC purchased a new position in Advanced Energy Industries during the 1st quarter worth approximately $1,197,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Advanced Energy Industries by 14.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,578 shares of the electronics maker’s stock worth $4,036,000 after buying an additional 5,000 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.