The AES Corporation (AES) has an average broker rating of 2, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
The AES Corporation (AES) : 6 investment research analysts covering The AES Corporation (AES) have an average price target of $13.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $12 for the short term. Analysts expect the variance to be within $1.03 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. 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 $12.19 and $12.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.24, notching a gain of 0.49% for the day. The total traded volume was 3,343,717 . The stock had closed at $12.18 on the previous day.
In a related news,The officer (VP and Controller) of Aes Corp, Souza Fabian sold 2,764 shares at $10.96 on March 7, 2016. The Insider selling transaction had a total value worth of $30,293. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.