Short Term Price Target on The AES Corporation (AES)

The AES Corporation (NYSE:AES) : Average target price received by The AES Corporation (NYSE:AES) is $13.25 with an expected standard deviation of $1.33. The most aggressive target on the stock is $15, whereas the most downbeat target is $12. 6 financial analysts are currently covering the stock.

Shares of The AES Corporation rose by 3.14% in the last five trading days and 14.08% for the last 4 weeks. The AES Corporation is up 8.92% in the last 3-month period. Year-to-Date the stock performance stands at 33.28%.

The AES Corporation (NYSE:AES) : The consensus on The AES Corporation (NYSE:AES) based on 5 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

The AES Corporation (NYSE:AES): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.08 and $12.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.48, notching a gain of 3.74% for the day. The total traded volume was 10,360,981 . The stock had closed at $12.03 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP and Controller) of Aes Corp, Souza Fabian had sold 2,764 shares worth of $30,293 in a transaction dated March 7, 2016. In this transaction, 2,764 shares were sold at $10.96 per share.

The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities. Under the generation business line, the Company owns and operates power plants to generate and sell power to customers, such as utilities, industrial users and other intermediaries. Under the utilities business line, the Company owns and operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.

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