Advanced Energy Industries (NASDAQ:AEIS) Given New $124.00 Price Target at Robert W. Baird

Advanced Energy Industries (NASDAQ:AEIS) had its price target cut by analysts at Robert W. Baird from $128.00 to $124.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s target price points to a potential upside of 14.25% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Susquehanna decreased their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Citigroup downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research note on Monday, July 15th. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. TD Cowen lowered their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday. Finally, StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. One 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. According to MarketBeat.com, Advanced Energy Industries has an average rating of “Hold” and an average target price of $112.44.

Advanced Energy Industries Stock Up 0.7 %

Shares of Advanced Energy Industries stock opened at $108.53 on Friday. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $119.75. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 95.20, a price-to-earnings-growth ratio of 5.45 and a beta of 1.49. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $104.07 and a 200 day moving average price of $104.74.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. The company had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a return on equity of 9.05% and a net margin of 2.91%. The company’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. Equities research analysts forecast that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Advanced Energy Industries

Large investors have recently bought and sold shares of the business. Hilltop National Bank increased its position in Advanced Energy Industries by 13.4% in the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after buying an additional 116 shares during the period. Azzad Asset Management Inc. ADV increased its stake in shares of Advanced Energy Industries by 1.7% in the second quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after purchasing an additional 124 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after buying an additional 130 shares during the last quarter. Pitcairn Co. boosted its position in shares of Advanced Energy Industries by 3.9% during the first quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock worth $449,000 after buying an additional 164 shares during the period. Finally, Arizona State Retirement System grew its holdings in Advanced Energy Industries by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock worth $1,136,000 after buying an additional 203 shares in the last quarter. 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.