Shares of AES Corp (NYSE:AES) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.50.
Several research analysts have recently commented on AES shares. SunTrust Banks set a $14.00 price target on shares of AES and gave the stock a “buy” rating in a research note on Monday, February 12th. ValuEngine lowered shares of AES from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. UBS Group started coverage on shares of AES in a research note on Friday, February 2nd. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Morgan Stanley dropped their price target on shares of AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Wednesday, December 13th.
A number of large investors have recently bought and sold shares of the stock. Trilogy Capital Inc. bought a new position in shares of AES during the 4th quarter worth about $135,000. Cypress Capital Group acquired a new stake in AES in the 3rd quarter valued at about $138,000. Beacon Investment Advisory Services Inc. acquired a new stake in AES in the 4th quarter valued at about $142,000. Buckley Wealth Management LLC acquired a new stake in AES in the 4th quarter valued at about $163,000. Finally, Koch Industries Inc. acquired a new stake in AES in the 4th quarter valued at about $186,000. Institutional investors and hedge funds own 93.45% of the company’s stock.
AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. AES had a negative net margin of 8.77% and a positive return on equity of 16.52%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the business posted $0.30 EPS. AES’s quarterly revenue was down .6% on a year-over-year basis. equities research analysts forecast that AES will post 1.18 EPS for the current fiscal year.
AES 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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