The AES Corporation (NYSE:AES) is now worth $9.94B thanks to -0.2% drop in recent trade and currently has a price tag of $15.02. The shares traded as low as $14.975 and had $15.25 an intraday high earlier Wednesday. Trading activity significantly weakened as the volume at ready counter decreased to 4,991,560 shares versus 7,658,785 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 5,669,933 shares. The stock is now 52.33% above against its bear-market low of $9.86 on February 09, 2018. It has retreated -8.39% since it’s 52-week high of $16.28 reached in November. Now the market price is up 38.18% on the year and up 3.87% YTD.
AES’s 50 day simple moving average (SMA 50) price is $15.08 and its 200-day simple moving average (SMA 200) price is $13.57. The company’s stock currently has a total float of 658.5M shares. Its weekly volatility is hovering around 2.66% and felt 2.9% volatility in price over a month. On the upside, the share price will test short term resistance at around $15.19. On a downside, the stock is likely to find some support, which begins at $14.91. The failure to get near-term support could push it to $14.81.
Separately, it has been reported that multiple insider activity took place at The AES Corporation (AES). Ubben Jeffrey W acquired 35,000 shares for $1,564,500 in transaction occurred on 2018/12/26. After making this transaction, the owns a direct stake of 481,250 shares, worth $23,498,790, as per the last closing price. On 2017/11/13 Da Santos Bernerd, Sr. VP and COO at AES, purchased 4,700 shares at an average price of $10.6 per share. The new stake is valued at $1,812,043.
EVP, General Counsel and Secy, Miller Brian A had invested in 9,500 shares for $269,847 through a trade on 2017/11/13. Following this activity, the insider holds 99,655 shares worth $4,053,102 as of recent close. Wall Street’s most bullish The AES Corporation (NYSE:AES) analysts are predicting the share price to blow past $18 per share during the next 12 months. The current median share price forecast by them is $16, suggesting that the stock could increase 6.52% in that time frame. The average price target of $15.95 calls for a nearly 6.19% increase in the stock price.
It had seen a negative analyst call from BofA/Merrill, which downgraded the stock from Neutral to Underperform on July 02. Analysts at BofA/Merrill, shed their positive views on May 16 by lowering it fromBuy to Neutral. Analysts at Morgan Stanley, made their first call about the stock on April 27, recommending it is Equal-Weight. BofA/Merrill analysts came out with bullish views on November 13 when the call was made. They think the stock is now Buy compared to to their prior call for Neutral.
When looking at valuations, The AES Corporation (AES) has a pricey P/E of 42.07x as compared to industry average of 16.94x. Moreover, it trades for 11.49 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.01x price/book and 0.92x price/sales. It’s also very liquid in the near term, with a current ratio of 1.2. The stock has a debt/capital of 5.87.
Shares of The AES Corporation (AES) have dropped -0.1% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, The AES Corporation (NYSE:AES) has topped consensus earnings estimates in 5 quarters (41%), missed earnings in 7 quarters (58%), whereas at 0 occasion EPS met analyst expectations. AES last reported earnings on November 06, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.35 per share, -98.07% change on the same period last year. That was better than consensus for $0.3. Revenue for the recent quarter stood at $2.84 billion, down -22% on last year and below the $3.23 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.48 billion to $2.86 billion, which should be compared with $3.9 billion generated last year. EPS is seen in a range of $0.27 to $0.36, against the $0.32 reported a year ago.