The AES Corporation (AES) : The consensus on The AES Corporation (AES) based on 6 analyst recommendation on the company stock is 2, 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. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
The AES Corporation (AES) stock is expected to deviate a maximum of $0.97 from the average target price of $13.7 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $15 and the most muted being $13.
The AES Corporation (NYSE:AES): After opening at $12.27, the stock dipped to an intraday low of $12.22 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.62 and the buying power remained strong till the end. The stock closed at $12.55 for the day, a gain of 1.87% for the day session. The total traded volume was 5,541,724. The stocks close on the previous trading day was $12.32.
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.