The AES Corp. (NYSE:AES) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.75.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of The AES Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Barclays PLC downgraded shares of The AES Corp. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $14.00 to $12.00 in a research note on Tuesday, October 4th. TheStreet downgraded shares of The AES Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of The AES Corp. in a research note on Thursday, June 16th.
Shares of The AES Corp. (NYSE:AES) opened at 11.73 on Tuesday. The stock’s market cap is $7.73 billion. The AES Corp. has a 52 week low of $8.22 and a 52 week high of $13.32. The firm has a 50-day moving average price of $12.41 and a 200-day moving average price of $11.85.
The AES Corp. (NYSE:AES) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The AES Corp. had a negative net margin of 1.89% and a positive return on equity of 13.56%. The business earned $3.23 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, equities analysts anticipate that The AES Corp. will post $0.99 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of AES. Tocqueville Asset Management L.P. acquired a new position in The AES Corp. during the second quarter worth about $133,000. Invictus RG increased its position in The AES Corp. by 21.9% in the first quarter. Invictus RG now owns 11,906 shares of the company’s stock worth $140,000 after buying an additional 2,140 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new position in The AES Corp. during the first quarter worth about $142,000. Nuveen Fund Advisors LLC acquired a new position in The AES Corp. during the second quarter worth about $192,000. Finally, Tredje AP fonden acquired a new position in The AES Corp. during the second quarter worth about $234,000. Institutional investors own 94.54% of the company’s stock.
The AES Corp. Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
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