RBC Capital Believes AES (AES) Won’t Stop Here

RBC Capital analyst Shelby Tucker maintained a Buy rating on AES (AES) yesterday and set a price target of $23.00. The company’s shares closed last Tuesday at $20.59, close to its 52-week high of $22.32.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 8.2% and a 71.3% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AES with a $22.50 average price target, a 7.4% upside from current levels. In a report issued on November 3, UBS also maintained a Buy rating on the stock with a $22.00 price target.

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The company has a one-year high of $22.32 and a one-year low of $8.11. Currently, AES has an average volume of 4.98M.

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AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following business segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU, and Corporate and Other. The U.S. and Utilities SBU segment consists of facilities in the United States, Puerto Rico, and El Salvador. The South America SBU segment covers Chile, Colombia, Argentina, and Brazil. The MCAC SBU segment refers to Mexico, Central America, and the Caribbean. The Eurasia SBU segment handles operations in Europe and Asia. The Corporate and Other segment includes the results of the AES self-insurance company. The company was founded by Dennis W. Bakke and Roger W. Sant in 1981 and is headquartered in Arlington, VA.

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