Advanced Energy (NASDAQ:AEIS) Rating Restated

Research professionals at Needham have $70.0 price target on Advanced Energy (NASDAQ:AEIS). Needham’s price target would suggest a potential upside of 18.97 % from the company’s last stock price. The rating was revealed to investors in a note on Wednesday, 1 February.

NASDAQ:AEIS is at the moment trading -1.29% lower at $58.84 as of 12:00 AM New York time. Advanced Energy’s stock is 0% over the past 200 days. It has underperformed the S&P500 Index, which has added 9.52% over the same time.

According to data compiled by Thomson Reuters, Advanced Energy (NASDAQ:AEIS)’s stock is covered by 5 equity analysts across the Street, with 0 analysts giving it a Sell rating, 6 a Buy rating, while 1 consider it a Hold. The 12-month consensus target price for the stock is $34.6, which reflects an downside potential of 41.20% over the current price.

Institutional Ownership

Praesidium Investment Management Company Llc had the most significant stake with ownership of 1.73 million shares as of Q2 2015 for 6.95% of the portfolio. Eagle Boston Investment Management Inc is another notably bullish fund who is owning 230,283 shares of Advanced Energy or 1.4% of their portfolio. In addition, Timpani Capital Management Llc have 1.36% of their portfolio invested in the company for 72,074 shares. The Massachusetts-based fund Aristotle Capital Boston Llc revealed it had bought a stake worth about 1.31% of the fund’s stock portfolio in Advanced Energy. The California-based fund Insight Capital Research & Management Inc is also positive about the stock, possessing 154,975 shares or 1.29% of their portfolio.

Advanced Energy (NASDAQ:AEIS) Profile

Advanced Energy Industries, Inc. provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement. It operates through Precision Power segment.

Advanced Energy (NASDAQ:AEIS) traded down -1.29% on 1 February, hitting $58.84. A total of shares of the company’s stock traded hands. This is down from average of 320,859 shares. Advanced Energy has a 52 week low of $26.41 and a 52 week high of $63.75. The company has a market cap of $2.34 billion and a P/E ratio of 26.64.

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