A share price of AES Corp. [AES] is currently trading at $16.45, up 1.29%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AES shares have gain 10.55% over the last week, with a monthly amount glided 2.81%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, AES Reports Record Performance in 2023 & Raises Long-Term Guidance. In a post published today on Yahoo Finance, Strategic Accomplishments.
From an analyst’s perspective:
AES Corp. [NYSE: AES] stock has seen the most recent analyst activity on October 06, 2023, when UBS downgraded its rating to a Neutral and also revised its price target to $13 from $22. Previously, Barclays started tracking the stock with Overweight rating on August 23, 2023, and set its price target to $25. On June 22, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $23 on the stock. Wolfe Research downgraded its rating to a Peer Perform. Credit Suisse initiated its recommendation with a Neutral and recommended $25 as its price target on April 26, 2022. Citigroup started tracking with a Buy rating for this stock on March 22, 2022, and assigned it a price target of $27. In a note dated November 30, 2021, Goldman initiated an Buy rating and provided a target price of $30 on this stock.
AES Corp. experienced fluctuations in its stock price throughout the past year between $11.43 and $25.74. Currently, Wall Street analysts expect the stock to reach $30.2 within the next 12 months. AES Corp. [NYSE: AES] shares were valued at $16.45 at the most recent close of the market. An investor can expect a potential return of 83.59% based on the average AES price forecast.
Analyzing the AES fundamentals
Trailing Twelve Months sales for AES Corp. [NYSE:AES] were 12.68B which represents -3.01% decline. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.24 points at the first support level, and at 16.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.60, and for the 2nd resistance point, it is at 16.74.
AES Corp. [AES] reported earnings per share of $0.73 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.67/share, meaning a difference of $0.06 and a surprise factor of 9.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.6 per share as compared to estimates of $0.54 per share, a difference of $0.06 representing a surprise of 11.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AES Corp. [NYSE:AES] is 0.68. Further, the Quick Ratio stands at 0.61, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.92, the price to book ratio is 6.68 and price to earnings (TTM) ratio is 50.23.
Transactions by insiders
Recent insider trading involved Mendoza Tish, EVP & Chief HR Officer, that happened on Dec 13 ’23 when 21594.0 shares were sold. 10% Owner, AES CORP completed a deal on Dec 08 ’23 to sell 7.09 million shares. Meanwhile, SVP, COO, Pres. New Enrgy Tech Falu Ricardo Manuel bought 2450.0 shares on Nov 09 ’23.
