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Morgan Stanley Reaffirms Their Hold Rating on AES Corp (AES)


Morgan Stanley analyst Stephen Byrd maintained a Hold rating on AES Corp (NYSE: AES) today and set a price target of $14.50. The company’s shares opened today at $14.44, close to its 52-week high of $15.11.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.4% and a 60.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

AES Corp has an analyst consensus of Hold, with a price target consensus of $14.50.

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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 $3.62 billion and had a net profit of $152 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. Most recently, in August 2018, 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.