AES (NYSE:AES) had its target price increased by UBS Group from $12.00 to $13.00 in a report released on Wednesday morning, www.benzinga.com reports. UBS Group currently has a neutral rating on the utilities provider’s stock.
Several other analysts have also recently commented on AES. Scotiabank upgraded shares of AES from an underperform rating to a sector perform rating in a research note on Wednesday, May 9th. Bank of America cut shares of AES from a buy rating to a neutral rating in a research note on Wednesday, May 16th. They noted that the move was a valuation call. ValuEngine upgraded shares of AES from a hold rating to a buy rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded shares of AES from a hold rating to a buy rating and set a $13.00 price objective for the company in a research note on Wednesday, April 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of AES from $12.00 to $13.00 and gave the company an overweight rating in a research note on Monday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $12.93.
Shares of AES opened at $12.93 on Wednesday, according to Marketbeat Ratings. The company has a quick ratio of 1.00, a current ratio of 1.12 and a debt-to-equity ratio of 3.20. AES has a 52 week low of $9.86 and a 52 week high of $13.35. The stock has a market capitalization of $8.65 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.32 and a beta of 1.18.
AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, May 8th. The utilities provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. AES had a negative net margin of 3.63% and a positive return on equity of 18.70%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business earned $0.17 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. research analysts anticipate that AES will post 1.21 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in AES. Mizuho Securities USA LLC acquired a new position in AES during the first quarter worth about $114,000. Evergreen Capital Management LLC acquired a new position in AES during the first quarter worth about $117,000. Lakeview Capital Partners LLC acquired a new position in AES during the first quarter worth about $124,000. Miles Capital Inc. acquired a new position in AES during the first quarter worth about $142,000. Finally, Highland Capital Management LP acquired a new position in AES during the first quarter worth about $171,000. Institutional investors own 94.75% of the company’s stock.
AES Company Profile
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.
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