In yesterday’s Wall Street session, AES Corp. (NYSE:AES) shares traded at $16.40, up 0.80% from the previous session.
AES stock price is now -0.19% away from the 50-day moving average and -5.38% away from the 200-day moving average. The market capitalization of the company currently stands at $11.66B.
With the price target of $21, Mizuho recently initiated with Buy rating for AES Corp. (NYSE: AES). On October 06, 2023, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $22 to quote $13, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Falu Ricardo Manuel, EVP, COO, Pres. New Enrgy Tech bought 6 shares of the company’s stock on Mar 12 ’24. The stock was bought for $96 at an average price of $16.01. Upon completion of the transaction, the EVP, COO, Pres. New Enrgy Tech now directly owns 84,785 shares in the company, valued at $1.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 28 ’23, EVP, COO, Pres. New Enrgy Tech Falu Ricardo Manuel bought 73 shares of the business’s stock. A total of $1,402 was incurred on buying the stock at an average price of $19.21. This leaves the insider owning 84,779 shares of the company worth $1.39 million. A total of 0.44% 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 $24.54. As of last week, the company has a debt-to-equity ratio of 6.85, a current ratio of 0.68, and a quick ratio of 0.61.
The net profit margin was 1.91% and return on equity was 6.28% for AES. The company reported revenue of $2.97 billion for the quarter, compared to $3.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.01 percent.
