Citigroup Raises Advanced Energy Industries (NASDAQ:AEIS) Price Target to $113.00

Advanced Energy Industries (NASDAQ:AEIS) had its target price upped by stock analysts at Citigroup from $107.00 to $113.00 in a report released on Monday, MarketBeat reports. The firm presently has a “buy” rating on the electronics maker’s stock. Citigroup’s price target suggests a potential upside of 11.40% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company reduced their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Susquehanna decreased their target price on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Benchmark reaffirmed a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $108.86.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $101.44 on Monday. The firm has a market cap of $3.80 billion, a P/E ratio of 37.29, a PEG ratio of 3.43 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The stock’s 50-day moving average is $97.87 and its two-hundred day moving average is $99.29.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. Advanced Energy Industries’s revenue was down 22.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. Analysts predict that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advanced Energy Industries

Several hedge funds have recently made changes to their positions in AEIS. SG Americas Securities LLC bought a new stake in shares of Advanced Energy Industries in the 1st quarter worth approximately $732,000. Quantbot Technologies LP bought a new stake in Advanced Energy Industries in the 1st quarter valued at $1,003,000. Texas Permanent School Fund Corp lifted its holdings in shares of Advanced Energy Industries by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,628 shares of the electronics maker’s stock worth $3,327,000 after acquiring an additional 423 shares during the period. GSA Capital Partners LLP bought a new stake in Advanced Energy Industries in the first quarter valued at about $799,000. Finally, Central Pacific Bank Trust Division bought a new position in Advanced Energy Industries during the first quarter worth about $114,000. 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.