AES Corp Got Some Bad News


Merrill Lynch analyst Julien Dumoulin Smith downgraded AES Corp (NYSE: AES) to Sell today and set a price target of $12.50. The company’s shares opened today at $13.05, close to its 52-week high of $13.56.

According to TipRanks.com, Smith is a 4-star analyst with an average return of 5.1% and a 64.7% success rate. Smith covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, El Paso Electric Company, and Centerpoint Energy.

Currently, the analyst consensus on AES Corp is a Hold with an average price target of $12.75.

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AES Corp’s market cap is currently $8.87B and has a P/E ratio of 57.53. The company has a Price to Book ratio of 2.78.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AES in relation to earlier this year. Most recently, in May 2018, Andres Gluski, the President & CEO of AES bought 100,000 shares for a total of $671,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AES Corp. operates as a power generation and utility company. It operates through two business lines: Generation and Utilities. The Generation business line refers to the utilization of fuels and technologies to generate electricity such as coals, gas, hydro, wind, solar and biomass.

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