RBC Capital Remains a Hold on AES Corp (AES)


RBC Capital analyst Shelby Tucker reiterated a Hold rating on AES Corp (AES) yesterday and set a price target of $16. The company’s shares opened today at $15.43, close to its 52-week high of $16.28.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 6.5% and a 72.5% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Edison International, and NextEra Energy Inc.

AES Corp has an analyst consensus of Hold, with a price target consensus of $14.83, representing a -3.9% downside. In a report issued on November 7, UBS also maintained a Hold rating on the stock with a $14 price target.

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AES Corp’s market cap is currently $10.21B and has a P/E ratio of 30.19. The company has a Price to Book ratio of 3.09.

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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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