DA Davidson lowered shares of Advanced Energy Industries (NASDAQ:AEIS) from a buy rating to a neutral rating in a report issued on Monday, BenzingaRatingsTable reports. DA Davidson currently has $55.00 target price on the electronics maker’s stock, down from their previous target price of $60.00.

Several other equities research analysts have also recently commented on the stock. BidaskClub upgraded shares of Zillow Group from a buy rating to a strong-buy rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Gerdau from a sell rating to a hold rating in a research report on Monday, May 13th. TheStreet cut shares of Red Lion Hotels from a c rating to a d+ rating in a research report on Wednesday, April 3rd. Susquehanna Bancshares began coverage on shares of MKS Instruments in a research report on Wednesday, May 15th. They issued a positive rating and a $123.00 price target on the stock. Finally, Cowen reiterated a buy rating on shares of Adverum Biotechnologies in a research report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Advanced Energy Industries presently has an average rating of Hold and a consensus target price of $64.20.

NASDAQ AEIS opened at $52.05 on Monday. Advanced Energy Industries has a one year low of $38.74 and a one year high of $64.25. The firm has a 50 day simple moving average of $53.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.12 and a quick ratio of 4.23. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 3.11 and a beta of 1.55.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, May 6th. The electronics maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. Advanced Energy Industries had a net margin of 17.46% and a return on equity of 22.16%. The business had revenue of $140.74 million for the quarter, compared to analysts’ expectations of $143.63 million. During the same period in the previous year, the business earned $1.34 earnings per share. The company’s revenue was down 28.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Energy Industries will post 1.71 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in Advanced Energy Industries by 14.4% during the 1st quarter. FMR LLC now owns 2,162,889 shares of the electronics maker’s stock worth $107,453,000 after buying an additional 272,183 shares during the period. Dimensional Fund Advisors LP raised its holdings in Advanced Energy Industries by 11.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,279,775 shares of the electronics maker’s stock worth $54,941,000 after buying an additional 129,725 shares during the period. Janus Henderson Group PLC grew its stake in Advanced Energy Industries by 9.5% during the 1st quarter. Janus Henderson Group PLC now owns 866,199 shares of the electronics maker’s stock valued at $43,033,000 after acquiring an additional 75,329 shares in the last quarter. Norges Bank purchased a new position in Advanced Energy Industries during the 4th quarter valued at about $27,068,000. Finally, Bank of New York Mellon Corp grew its stake in Advanced Energy Industries by 4.6% during the 4th quarter. Bank of New York Mellon Corp now owns 503,486 shares of the electronics maker’s stock valued at $21,614,000 after acquiring an additional 22,073 shares in the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.

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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