The AES Corporation (NYSE:AES) registered a 0.71% increase, still its new closing price is 32.49% up from the company’s 1 year high of 13.06.It posted 1.96% gains in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 1 sells versus 1 buy or better ratings. The 12 stock analysts following this company have an average price target at $12.43, with individual PT in the $10.00-$15.00 range. The shares moved at $11.32, implying that brokerage firms see shares gaining about 20.67% in twelve months time.
The AES Corporation (AES) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -1.55% fall year to date. A VP and Controller at The AES Corporation (AES) offloaded shares in a transaction closed on Monday March 07, 2016. Souza Fabian sold 2,764 shares in the company at $10.96 each and collected $30,000 in proceeds. Souza Fabian now owns 26,646 shares in the company after this transaction. A Sr. VP and CIO in the company, HACKENSON ELIZABETH, disclosed a transaction on Thursday November 12, 2015 that ended up paying $49,000 from the purchase of 5,000 shares at $9.81 per share.
The AES Corporation (NYSE:AES) Upcoming Results on Tap
The AES Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.22 in that period. Sales during the quarter are predicted to arrive at $4.1 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.54 billion in revenue and EPS of $0.32. The mean forecast was for $4.38 billion and $0.32 a share, respectively. One quarter earlier, revenue for the stock was at $3.23 billion, with earnings at $0.17/share.
The AES Corporation (AES) Brokerage Update
The AES Corporation (AES) is in RBC Capital Mkts’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sector Perform from Outperform by RBC Capital Mkts, according to news reported on Wednesday January 04, 2017.Another important research note was issued by BofA/Merrill on Tuesday November 22, 2016.The firm downgraded AES to Underperform from Neutral. Over the last six months and over the last three months, the shares of The AES Corporation (AES), have changed -6.87% and -1.80%, respectively.