Citigroup Inc. initiated coverage on shares of Advanced Energy Industries Inc. (NASDAQ:AEIS) in a research note published on Wednesday morning. The brokerage issued a neutral rating and a $50.00 price target on the stock.

AEIS has been the subject of several other reports. Zacks Investment Research lowered shares of Advanced Energy Industries from a strong-buy rating to a hold rating in a research report on Tuesday, October 4th. Dougherty & Co lifted their target price on shares of Advanced Energy Industries from $38.00 to $46.00 and gave the company a buy rating in a research report on Thursday, July 28th. Finally, Raymond James Financial Inc. lowered shares of Advanced Energy Industries from an outperform rating to a market perform rating in a research report on Thursday, July 14th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $41.83.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at 46.84 on Wednesday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 17.95 and a beta of 0.89. The stock has a 50 day moving average of $45.82 and a 200-day moving average of $39.49. Advanced Energy Industries has a 1-year low of $24.25 and a 1-year high of $48.59.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, August 1st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. Advanced Energy Industries had a net margin of 24.01% and a return on equity of 28.45%. The company earned $118.80 million during the quarter, compared to analyst estimates of $111.52 million. During the same period last year, the business earned $0.43 earnings per share. Advanced Energy Industries’s revenue was up 9.3% compared to the same quarter last year. Analysts forecast that Advanced Energy Industries will post $2.73 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the company. Arizona State Retirement System raised its position in shares of Advanced Energy Industries by 0.5% in the second quarter. Arizona State Retirement System now owns 20,537 shares of the company’s stock worth $780,000 after buying an additional 100 shares during the period. Eqis Capital Management Inc. raised its position in shares of Advanced Energy Industries by 0.9% in the third quarter. Eqis Capital Management Inc. now owns 18,714 shares of the company’s stock worth $886,000 after buying an additional 174 shares during the period. Commonwealth Equity Services Inc raised its position in shares of Advanced Energy Industries by 0.7% in the second quarter. Commonwealth Equity Services Inc now owns 25,677 shares of the company’s stock worth $975,000 after buying an additional 179 shares during the period. PineBridge Investments L.P. raised its position in shares of Advanced Energy Industries by 4.1% in the second quarter. PineBridge Investments L.P. now owns 5,018 shares of the company’s stock worth $191,000 after buying an additional 196 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of Advanced Energy Industries by 2.6% in the second quarter. Capstone Asset Management Co. now owns 11,977 shares of the company’s stock worth $455,000 after buying an additional 300 shares during the period. 96.15% 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. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

5 Day Chart for NASDAQ:AEIS

Receive News & Stock Ratings for Advanced Energy Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries Inc. and related stocks with our FREE daily email newsletter.