In yesterday’s Wall Street session, AES Corp. (NYSE:AES) shares traded at $16.91, up 1.02% from the previous session.
13 analysts cover AES Corp. (NYSE:AES), according to research data. 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 $22.50. Given the previous closing price of $16.74, this indicates a potential upside of 34.41 percent. AES stock price is now 11.22% away from the 50-day moving average and -16.28% away from the 200-day moving average. The market capitalization of the company currently stands at $11.32B.
The stock has received a hold rating from 4 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $21.35 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, Falu Ricardo Manuel, SVP, COO, Pres. New Enrgy Tech bought 2,450 shares of the company’s stock on Nov 09. The stock was bought for $39,935 at an average price of $16.30. Upon completion of the transaction, the SVP, COO, Pres. New Enrgy Tech now directly owns 61,981 shares in the company, valued at $1.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, EVP and Pres., Energy Infrast. Rubiolo Juan Ignacio bought 2,450 shares of the business’s stock. A total of $40,106 was incurred on buying the stock at an average price of $16.37. This leaves the insider owning 121,123 shares of the company worth $2.05 million. Insiders disposed of 937,717 shares of company stock worth roughly $15.86 million over the past 1 year. A total of 0.53% of the company’s stock is owned by insiders.
On Wednesday morning AES Corp. (NYSE: AES) stock kicked off with the opening price of $16.86. 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 $15.20 and a two-hundred day moving average price translates $20.20 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 $0.6, beating analysts’ expectations of $0.54 by 0.06. 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 $3.25B in revenue.
