Before You Invest In AES Corp. (NYSE:AES), Consider This Metric

In yesterday’s Wall Street session, AES Corp. (NYSE:AES) shares traded at $16.14, down -1.22% from the previous session.

As of this writing, 12 analysts cover AES Corp. (NYSE:AES). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $17.00, we find $23.00. Given the previous closing price of $16.34, this indicates a potential upside of 40.76 percent. AES stock price is now 4.43% away from the 50-day moving average and -22.29% away from the 200-day moving average. The market capitalization of the company currently stands at $10.81B.

There are 4 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $21.11 as their price target over the next twelve months.

With the price target reduced from $22 to $13, UBS Downgraded its rating from Buy to Neutral for AES Corp. (NYSE: AES).

In other news, MONIE ALAIN, Director bought 27,400 shares of the company’s stock on Aug 16. The stock was bought for $500,598 at an average price of $18.27. Upon completion of the transaction, the Director now directly owns 28,725 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, Director Laulis Julia M. bought 1,500 shares of the business’s stock. A total of $29,265 was incurred on buying the stock at an average price of $19.51. This leaves the insider owning 1,500 shares of the company worth $24210.0. Insiders disposed of 937,717 shares of company stock worth roughly $15.13 million over the past 1 year. A total of 0.66% of the company’s stock is owned by insiders.

During the past 12 months, AES Corp. has had a low of $11.43 and a high of $29.89. As of last week, the company has a debt-to-equity ratio of 6.52, a current ratio of 0.83, and a quick ratio of 0.74. The fifty day moving average price for AES is $15.45 and a two-hundred day moving average price translates $20.77 for the stock.

The latest earnings results from AES Corp. (NYSE: AES) was released for Sep, 2023. According to the Utilities – Diversified Company, earnings per share came in at $0.21, missing analysts’ expectations of $0.22 by -0.01. This compares to $0.59 EPS in the same period last year. The net profit margin was -4.39% and return on equity was -12.71% for AES. The company reported revenue of $3.43 billion for the quarter, compared to $3.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.32 percent. For the current quarter, analysts expect AES to generate $3.5B in revenue.

AES Corp.(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. It uses a range of fuels and technologies to generate electricity, including coal, gas, hydro, wind, solar, and biomass; and renewables, such as energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 32,326 megawatts. It has operations in the United States, Puerto Rico, El Salvador, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is headquartered in Arlington, Virginia.

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