AEIS Intrinsic Stock Value – Citigroup Raises Price Target for Advanced Energy Industries to $134.00
August 10, 2023
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Citigroup raised its price target for Advanced Energy Industries ($NASDAQ:AEIS)’ shares from $114.00 to $134.00 in a report issued Monday. Advanced Energy Industries (AE) is a leading provider of specialized power conversion and control technologies, serving customers in the semiconductor, industrial, and solar markets worldwide. AE’s products convert energy into the form required by its customers and provide precise control of voltage, current, and temperature that is essential to producing high-quality products in key industries. AE is well-positioned to benefit from strong growth in industries such as semiconductors, industrial manufacturing, and solar power. Its products are used in emerging markets such as electric vehicles and small-scale energy storage solutions.
AE has also been investing in research and development, which has enabled it to roll out new products such as the AE Precision Power Platform, which provides advanced digital control for industrial power supplies. Citigroup’s report noted that AE’s revenue and gross margin have been steadily increasing, which is likely to continue as demand for its products grows. Citigroup believes that AE is well-positioned to meet the needs of its customers and capitalize on the growth opportunities in its markets.
Stock Price
On Monday, Advanced Energy Industries (AEI) stock opened at $114.5 and closed at $115.8, up by 2.5% from prior closing price of $112.9. Citigroup has now raised the price target for AEI to $134.00, based on their positive outlook on the company’s ability to capitalize on the growing demand for energy and their overall performance. The firm also commented on AEI’s strong fundamentals and ongoing efforts to innovate and diversify their product portfolio. Furthermore, Citigroup reiterated their Buy rating for the stock, citing AEI’s attractive valuation and potential upside in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AEIS. More…
| Total Revenues | Net Income | Net Margin |
| 1.85k | 175.97 | 10.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AEIS. More…
| Operations | Investing | Financing |
| 188.41 | -73.77 | -38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AEIS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.95k | 824.63 | 29.89 |
Key Ratios Snapshot
Some of the financial key ratios for AEIS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.5% | 28.8% | 11.7% |
| FCF Margin | ROE | ROA |
| 6.6% | 12.1% | 6.9% |
Analysis – AEIS Intrinsic Stock Value
At GoodWhale, we’ve taken a close look at the fundamentals of ADVANCED ENERGY INDUSTRIES. After carefully analyzing the company’s financials, we’ve come up with a fair value estimate of around $106.7 per share. Our proprietary Valuation Line calculation gives us this result. However, ADVANCED ENERGY INDUSTRIES is currently trading at $115.8 per share on the market. This means that the stock is slightly overvalued by 8.5%, which could be an opportunity for investors to capitalize on the discrepancy. More…
Peers
The competition between Advanced Energy Industries Inc and its competitors is fierce. All of the companies are vying for market share in the highly competitive solar industry. Advanced Energy Industries Inc has a strong product portfolio and a strong presence in the market.
However, its competitors are also strong and have their own strengths.
– Hiwin Mikrosystem Corp ($TWSE:4576)
Hiwin Mikrosystem Corp is a technology company that specializes in the manufacture of micro-precision products and components. The company has a market cap of 7.85 billion as of 2022 and a return on equity of 8.73%. Hiwin Mikrosystem Corp is a publicly traded company listed on the Taiwan Stock Exchange. The company’s products are used in a variety of industries including automotive, aerospace, electronics, and medical.
– Kinergy Corp Ltd ($SEHK:03302)
Kinergy Corp. Ltd., through its subsidiaries, engages in the exploration and production of oil and gas in the United States. The company was founded in 2004 and is headquartered in Perth, Australia.
– Sinfonia Technology Co Ltd ($TSE:6507)
Sinfonia Technology Co., Ltd. is a Japanese company that manufactures and sells electronic and electrical products. It has a market capitalization of 38.5 billion as of 2022 and a return on equity of 11.24%. The company’s products include semiconductors, printed circuit boards, and electronic components. It also provides contract manufacturing services.
Summary
Advanced Energy Industries has recently received a price target increase from Citigroup. This price increase is seen by analysts as being indicative of the company’s current strength and potential growth, which could be beneficial for investors. The company has been on an upward trajectory recently and the focus is now on how to sustain the growth in the long term.
The stock currently trades at a premium, but this could be justified by strong market fundamentals and future growth prospects. Investors should watch the company closely and evaluate whether it is a good time to buy or sell.
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