TD Cowen Lowers Advanced Energy Industries (NASDAQ:AEIS) Price Target to $118.00

Advanced Energy Industries (NASDAQ:AEIS) had its price target cut by research analysts at TD Cowen from $120.00 to $118.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage presently has a “hold” rating on the electronics maker’s stock. TD Cowen’s price target suggests a potential upside of 7.69% from the stock’s current price.

AEIS has been the subject of several other reports. Susquehanna reduced their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Stifel Nicolaus started coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective for the company. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $112.75.

Advanced Energy Industries Trading Up 1.0 %

Shares of Advanced Energy Industries stock opened at $109.57 on Thursday. Advanced Energy Industries has a fifty-two week low of $85.26 and a fifty-two week high of $119.75. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 96.11, a price-to-earnings-growth ratio of 5.45 and a beta of 1.49. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $104.05 and a 200-day simple moving average of $104.84.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 9.05% and a net margin of 2.91%. The business had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. During the same period in the prior year, the business posted $0.95 earnings per share. Advanced Energy Industries’s revenue was down 12.2% compared to the same quarter last year. On average, equities analysts forecast that Advanced Energy Industries will post 2.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Hilltop National Bank increased its position in Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 116 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Advanced Energy Industries by 1.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after acquiring an additional 124 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after acquiring an additional 130 shares during the last quarter. Pitcairn Co. increased its holdings in shares of Advanced Energy Industries by 3.9% during the 1st quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock valued at $449,000 after acquiring an additional 164 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Advanced Energy Industries by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after acquiring an additional 203 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

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.