What Can We Expect From The AES Corp (NYSE:AES) Downgrade By Merrill Lynch? The Target is $12.0000

May 16, 2018 - By Jason Grubb

The AES Corporation (NYSE:AES) Logo

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.47, from 1.32 in 2017Q3. It turned negative, as 51 investors sold The AES Corporation shares while 155 reduced holdings. 46 funds opened positions while 129 raised stakes. 597.29 million shares or 0.16% more from 596.31 million shares in 2017Q3 were reported.

Pnc Financial Ser Grp invested 0% in The AES Corporation (NYSE:AES). Hudson Valley Investment Advsr Adv holds 0.04% or 19,006 shares in its portfolio. Voloridge Invest Mngmt Limited reported 53,818 shares. Zweig reported 14,400 shares stake. Bankshares Of Montreal Can has 2.06M shares for 0.02% of their portfolio. Sumitomo Mitsui Asset Mgmt Ltd accumulated 44,944 shares. Grp Inc One Trading L P has invested 0% in The AES Corporation (NYSE:AES). Morgan Stanley reported 1.28M shares. Dynamic Capital Mngmt Limited reported 231,649 shares. Cadence Llc reported 21,313 shares. 158,904 are owned by Argi Investment Ser Ltd Co. Fukoku Mutual Life Insur owns 9,600 shares for 0.02% of their portfolio. Silvercrest Asset Mgmt Group Llc has invested 0% in The AES Corporation (NYSE:AES). Korea holds 92,100 shares. Engineers Gate Manager Limited Partnership holds 0.1% or 135,920 shares in its portfolio.

AES Corp (NYSE:AES) Receives a Downgrade

Merrill Lynch has decreased their stock rating for shares of AES Corp (NYSE:AES) to a Hold in analysts note revealed to investors on Wednesday morning, and has just set a 12month TP at $12.0000. This target is -2.28 % from AES’s current share price.

The AES Corporation (NYSE:AES) Ratings Coverage

Among 4 analysts covering AES (NYSE:AES), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. AES has $14.0 highest and $12 lowest target. $13.13’s average target is 6.92% above currents $12.28 stock price. AES had 5 analyst reports since December 13, 2017 according to SRatingsIntel. The company was maintained on Monday, February 12 by SunTrust. The stock of The AES Corporation (NYSE:AES) has “Overweight” rating given on Monday, March 19 by JP Morgan. The stock of The AES Corporation (NYSE:AES) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, December 13.

The stock decreased 0.16% or $0.02 during the last trading session, reaching $12.28. About 5.03M shares traded. The AES Corporation (NYSE:AES) has declined 1.62% since May 17, 2017 and is downtrending. It has underperformed by 13.17% the S&P500.

Analysts await The AES Corporation (NYSE:AES) to report earnings on August, 14. They expect $0.29 earnings per share, up 16.00 % or $0.04 from last year’s $0.25 per share. AES’s profit will be $191.81 million for 10.59 P/E if the $0.29 EPS becomes a reality. After $0.28 actual earnings per share reported by The AES Corporation for the previous quarter, Wall Street now forecasts 3.57 % EPS growth.

The AES Corporation operates as a diversified power generation and utility company. The company has market cap of $8.12 billion. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. It currently has negative earnings. The firm also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user clients in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.

More news for The AES Corporation (NYSE:AES) were recently published by: Seekingalpha.com, which released: “The AES Corporation – Potential ‘Power’ King?” on April 18, 2018. Seekingalpha.com‘s article titled: “AES Corp’s (AES) CEO Andrés Weilert on Q1 2018 Results – Earnings Call Transcript” and published on May 08, 2018 is yet another important article.

The AES Corporation (NYSE:AES) Ratings Chart

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