Advanced Energy Industries (AEIS) Rating Reiterated by Cowen

Cowen reiterated their outperform rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report sent to investors on Thursday morning, Briefing.com Automated Import reports. They currently have a $60.00 price objective on the electronics maker’s stock, up from their previous price objective of $58.00.

A number of other analysts also recently commented on AEIS. Zacks Investment Research downgraded shares of Advanced Energy Industries from a hold rating to a strong sell rating in a report on Monday, May 13th. BidaskClub raised shares of Advanced Energy Industries from a sell rating to a hold rating in a report on Friday, March 22nd. Susquehanna Bancshares raised shares of Advanced Energy Industries from a neutral rating to a positive rating and boosted their price objective for the stock from $45.00 to $82.00 in a report on Wednesday, May 15th. ValuEngine raised shares of Advanced Energy Industries from a strong sell rating to a sell rating in a report on Saturday, January 19th. Finally, TheStreet raised shares of Advanced Energy Industries from a c+ rating to a b rating in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Advanced Energy Industries presently has a consensus rating of Hold and an average target price of $71.20.

Shares of NASDAQ:AEIS opened at $51.90 on Thursday. The stock has a market capitalization of $1.98 billion, a PE ratio of 12.39, a PEG ratio of 3.04 and a beta of 1.45. Advanced Energy Industries has a fifty-two week low of $38.74 and a fifty-two week high of $69.21. The company has a current ratio of 5.12, a quick ratio of 4.23 and a debt-to-equity ratio of 0.05.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, May 6th. The electronics maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. The firm had revenue of $140.74 million for the quarter, compared to the consensus estimate of $143.63 million. Advanced Energy Industries had a net margin of 17.46% and a return on equity of 22.16%. The firm’s revenue was down 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 earnings per share. On average, equities analysts predict that Advanced Energy Industries will post 1.71 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in AEIS. Premia Global Advisors LLC purchased a new stake in shares of Advanced Energy Industries in the first quarter valued at about $37,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Advanced Energy Industries by 23.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 979 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 186 shares in the last quarter. Pearl River Capital LLC lifted its holdings in shares of Advanced Energy Industries by 214.4% in the first quarter. Pearl River Capital LLC now owns 1,572 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 1,072 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Advanced Energy Industries by 471.0% in the first quarter. Quadrant Capital Group LLC now owns 1,890 shares of the electronics maker’s stock valued at $89,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Advanced Energy Industries by 15.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock valued at $125,000 after purchasing an additional 393 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors.

About Advanced Energy Industries

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