Aebi Schmidt (NASDAQ:AEBI) Given Buy Rating at DA Davidson

Aebi Schmidt (NASDAQ:AEBI)‘s stock had its “buy” rating restated by DA Davidson in a research report issued on Monday,Benzinga reports. They presently have a $15.00 price objective on the stock. DA Davidson’s target price points to a potential upside of 22.85% from the stock’s previous close.

Separately, Weiss Ratings raised Aebi Schmidt from a “sell (e)” rating to a “sell (d)” rating in a research note on Friday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Aebi Schmidt presently has a consensus rating of “Hold” and an average price target of $15.00.

Aebi Schmidt Price Performance

Shares of NASDAQ AEBI traded up $0.22 during mid-day trading on Monday, reaching $12.21. 83,227 shares of the company traded hands, compared to its average volume of 279,181. Aebi Schmidt has a fifty-two week low of $8.91 and a fifty-two week high of $83.26. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.14 and a current ratio of 1.99. The firm has a market capitalization of $946.40 million and a price-to-earnings ratio of 101.75. The company has a fifty day moving average of $11.43.

Aebi Schmidt (NASDAQ:AEBI) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Aebi Schmidt had a net margin of 0.48% and a return on equity of 1.19%. The company had revenue of $455.55 million for the quarter. As a group, analysts predict that Aebi Schmidt will post 0.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AEBI. JPMorgan Chase & Co. acquired a new position in Aebi Schmidt in the third quarter worth approximately $695,000. State of Alaska Department of Revenue acquired a new position in Aebi Schmidt in the fourth quarter worth approximately $41,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Aebi Schmidt in the fourth quarter worth approximately $109,000. First Eagle Investment Management LLC grew its position in Aebi Schmidt by 4.0% in the fourth quarter. First Eagle Investment Management LLC now owns 306,389 shares of the company’s stock worth $3,876,000 after buying an additional 11,900 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its position in Aebi Schmidt by 4.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 80,698 shares of the company’s stock worth $1,021,000 after buying an additional 3,590 shares during the last quarter.

Aebi Schmidt Company Profile

Aebi Schmidt is a Swiss-based company that designs, manufactures and services specialized equipment for municipal and commercial surface maintenance. The company’s offerings focus on machines and attachment systems used for snow-clearing, street sweeping, vegetation management, and related upkeep of roads, paths and public spaces. Aebi Schmidt supplies complete vehicle systems as well as modular implements that can be mounted on carriers for year?round use.

Product lines typically include multi?purpose maintenance vehicles, snowplows and salt spreaders, street sweepers, mowers and verge management tools, plus a range of hydraulic attachments and consumable parts.