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

Advanced Energy Industries (NASDAQ:AEIS) had its target price reduced by investment analysts at TD Cowen from $120.00 to $118.00 in a research report issued to clients and investors on Thursday, Briefing.com reports. The brokerage presently has a “hold” rating on the electronics maker’s stock. TD Cowen’s target price suggests a potential upside of 9.49% from the company’s current price.

Several other analysts have also recently weighed in on the company. StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Benchmark reaffirmed a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Citigroup cut Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a report on Monday, July 15th. Finally, Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $112.89.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $107.77 on Thursday. The stock’s 50-day simple moving average is $104.05 and its 200 day simple moving average is $104.72. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 44.90, a price-to-earnings-growth ratio of 5.41 and a beta of 1.49. 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 52-week low of $81.86 and a 52-week high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data 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. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business had revenue of $364.95 million for the quarter, compared to analysts’ expectations of $350.06 million. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. Research analysts forecast that Advanced Energy Industries will post 2.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Advanced Energy Industries

Several institutional investors and hedge funds have recently bought and sold shares of AEIS. Peterson Wealth Services lifted its stake in shares of Advanced Energy Industries by 229.2% in the 1st quarter. Peterson Wealth Services now owns 6,248 shares of the electronics maker’s stock valued at $637,000 after purchasing an additional 4,350 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Advanced Energy Industries by 9.9% in the 1st quarter. BNP Paribas Financial Markets now owns 178,056 shares of the electronics maker’s stock worth $18,158,000 after purchasing an additional 16,036 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Advanced Energy Industries by 37.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker’s stock worth $357,000 after purchasing an additional 954 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Advanced Energy Industries in the 1st quarter worth $1,197,000. Finally, FORA Capital LLC increased its holdings in shares of Advanced Energy Industries by 26.6% in the 1st quarter. FORA Capital LLC now owns 4,973 shares of the electronics maker’s stock worth $507,000 after purchasing an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

About Advanced Energy Industries

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.