Advanced Energy Industries (AEIS) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a sell rating to a hold rating in a report released on Tuesday morning.

A number of other equities analysts have also recently commented on AEIS. ValuEngine cut shares of Advanced Energy Industries from a buy rating to a hold rating in a research note on Thursday, November 30th. Zacks Investment Research cut shares of Advanced Energy Industries from a buy rating to a hold rating in a research note on Tuesday, January 2nd. Finally, DA Davidson initiated coverage on shares of Advanced Energy Industries in a research note on Wednesday, January 10th. They issued a buy rating and a $100.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $84.60.

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Advanced Energy Industries (AEIS) opened at $71.66 on Tuesday. Advanced Energy Industries has a 52 week low of $61.97 and a 52 week high of $95.00. The company has a market cap of $2,840.00, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.27.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, January 30th. The electronics maker reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. Advanced Energy Industries had a net margin of 20.55% and a return on equity of 35.06%. The business had revenue of $179.21 million during the quarter, compared to analysts’ expectations of $177.07 million. During the same period last year, the company posted $1.06 EPS. The business’s revenue was up 32.4% on a year-over-year basis. analysts anticipate that Advanced Energy Industries will post 4.78 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new position in shares of Advanced Energy Industries during the 3rd quarter worth about $3,467,000. Cortina Asset Management LLC purchased a new position in shares of Advanced Energy Industries during the 3rd quarter worth about $18,683,000. First Trust Advisors LP boosted its stake in shares of Advanced Energy Industries by 22.2% during the 3rd quarter. First Trust Advisors LP now owns 87,527 shares of the electronics maker’s stock worth $7,069,000 after purchasing an additional 15,901 shares during the period. Legal & General Group Plc boosted its stake in shares of Advanced Energy Industries by 3.9% during the 3rd quarter. Legal & General Group Plc now owns 79,264 shares of the electronics maker’s stock worth $6,393,000 after purchasing an additional 3,006 shares during the period. Finally, Columbus Circle Investors boosted its stake in shares of Advanced Energy Industries by 10.6% during the 3rd quarter. Columbus Circle Investors now owns 133,662 shares of the electronics maker’s stock worth $10,795,000 after purchasing an additional 12,852 shares during the period. 93.04% of the stock is owned by hedge funds and other institutional investors.

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About Advanced Energy Industries

Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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