The AES Corporation (NYSE:AES)‘s stock had its “hold” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday. They currently have a $12.00 price target on the utilities provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 6.76% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Morgan Stanley restated an “equal weight” rating on shares of The AES Corporation in a research report on Monday, July 10th. Zacks Investment Research upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Thursday, August 17th. BidaskClub cut shares of The AES Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, ValuEngine cut shares of The AES Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.75.
The AES Corporation (NYSE:AES) opened at 11.24 on Monday. The firm’s 50-day moving average price is $11.18 and its 200-day moving average price is $11.33. The company’s market capitalization is $7.42 billion. The AES Corporation has a 52 week low of $10.60 and a 52 week high of $13.32.
The AES Corporation (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the previous year, the company posted $0.17 EPS. The AES Corporation’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that The AES Corporation will post $1.05 earnings per share for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ffcm LLC grew its holdings in The AES Corporation by 171.8% during the 2nd quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 6,634 shares during the period. Jane Street Group LLC acquired a new stake in The AES Corporation during the 1st quarter worth $117,000. IFP Advisors Inc grew its holdings in The AES Corporation by 94.0% during the 1st quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 5,489 shares during the period. HRT Financial LLC acquired a new stake in The AES Corporation during the 1st quarter worth $132,000. Finally, Community Bank & Trust Waco Texas acquired a new stake in The AES Corporation during the 2nd quarter worth $134,000. 93.21% of the stock is owned by hedge funds and other institutional investors.
The AES Corporation 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. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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