Rosenblatt Securities analyst Scott Graham (NYSE:GHM) reiterated a Buy rating on Advanced Energy Industries (NASDAQ:AEIS) on Wednesday, setting a price target of $120, which is approximately 17.27% above the present share price of $102.33.
Graham expects Advanced Energy Industries to post earnings per share (EPS) of $1.19 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Advanced Energy Industries, with an average price target of $99.4.
The analysts price targets range from a high of $120 to a low of $85.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $389.52 million and a net profit of $60.45 million. The company's market cap is $3.86 billion.
According to TipRanks.com, Rosenblatt Securities analyst Scott Graham is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.8% and a 68.89% success rate.
Advanced Energy Industries, Inc. engages in the provision of precision power conversion, measurement, and control solutions. Its products are used in complex semiconductor and thin film plasma processes such as dry etch, strip, chemical and physical deposition; high and low voltage applications such as process control, analytical instrumentation and medical equipment; and in temperature-critical thermal applications such as material and chemical processing. The company also supplies related instrumentation products for advanced temperature measurement and control; electrostatic instrumentation products for test and measurement applications; and gas sensing and monitoring solutions for multiple industrial markets. Advanced Energy Industries was founded by Douglas S. Schatz in 1981 and is headquartered in Fort Collins, CO.