Morgan Stanley Maintains a Hold Rating on AES Corp (AES)


In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on AES Corp (NYSE: AES), with a price target of $14. The company’s shares closed yesterday at $13.81, close to its 52-week high of $14.11.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.

Currently, the analyst consensus on AES Corp is a Moderate Sell with an average price target of $13.25.

See today’s analyst top recommended stocks >>

Based on AES Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.54 billion and net profit of $290 million. In comparison, last year the company earned revenue of $3.47 billion and had a net profit of $53 million.

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. Last month, Andres Gluski, the President & CEO of AES bought 91,030 shares for a total of $610,811.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts