BidaskClub downgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a buy rating to a hold rating in a report released on Tuesday, BidAskClub reports.

A number of other brokerages also recently commented on AEIS. Zacks Investment Research raised shares of Advanced Energy Industries from a sell rating to a hold rating in a research report on Tuesday, April 9th. Cowen reaffirmed an outperform rating and set a $60.00 price objective (up from $58.00) on shares of Advanced Energy Industries in a research report on Thursday, May 16th. TheStreet raised shares of Advanced Energy Industries from a c+ rating to a b rating in a research report on Wednesday, April 3rd. Finally, Susquehanna Bancshares raised shares of Advanced Energy Industries from a neutral rating to a positive rating and boosted their price objective for the company from $45.00 to $82.00 in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $71.20.

Shares of AEIS opened at $51.40 on Tuesday. Advanced Energy Industries has a 52 week low of $38.74 and a 52 week high of $64.25. The company has a market cap of $2.00 billion, a P/E ratio of 15.20, a P/E/G ratio of 3.06 and a beta of 1.54. 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 announced its quarterly earnings data on Monday, May 6th. The electronics maker reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $140.74 million for the quarter, compared to the consensus estimate of $143.63 million. During the same period in the previous year, the firm posted $1.34 earnings per share. The firm’s revenue was down 28.1% on a year-over-year basis. On average, equities research analysts predict that Advanced Energy Industries will post 1.71 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AEIS. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 worth $125,000 after acquiring an additional 393 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of Advanced Energy Industries by 12.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 7,037 shares of the electronics maker’s stock worth $302,000 after purchasing an additional 800 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Advanced Energy Industries by 19.2% during the fourth quarter. Rhumbline Advisers now owns 114,271 shares of the electronics maker’s stock worth $4,906,000 after purchasing an additional 18,414 shares in the last quarter. LSV Asset Management grew its stake in shares of Advanced Energy Industries by 0.6% during the fourth quarter. LSV Asset Management now owns 834,735 shares of the electronics maker’s stock worth $35,835,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Brasada Capital Management LP acquired a new position in shares of Advanced Energy Industries during the fourth quarter worth $172,000. 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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