AES Corp. [AES] fell -6.86% so far this year. What now?

AES Corp. [NYSE: AES] jumped around 0.68 points on Thursday, while shares priced at $17.93 at the close of the session, up 3.94%. The company report on February 26, 2024 at 5:27 PM that AES Reports Record Performance in 2023 & Raises Long-Term Guidance.

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Signed new contracts for 5.6 GW of renewables in full year 2023, marking the third year in a row of adding 5 GW or more to the backlog.

Compared to the average trading volume of 8.31M shares, AES reached a trading volume of 11767097 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about AES Corp. [AES]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AES shares is $21.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AES stock is a recommendation set at 1.69. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for AES Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 06, 2023. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on August 23, 2023, representing the official price target for AES Corp. stock. Previously, the target price had yet another drop from $24 to $23, while BofA Securities kept a Neutral rating on AES stock.

The Average True Range (ATR) for AES Corp. is set at 0.56, with the Price to Sales ratio for AES stock in the period of the last 12 months amounting to 1.00. The Price to Book ratio for the last quarter was 7.28, with the Price to Cash per share for the same quarter was set at 3.08.

How has AES stock performed recently?

AES Corp. [AES] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.77. With this latest performance, AES shares gained by 19.06% in over the last four-week period, additionally plugging by 12.55% over the last 6 months – not to mention a drop of -21.81% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AES stock in for the last two-week period is set at 70.57, with the RSI for the last a single of trading hit 80.13, and the three-weeks RSI is set at 63.88 for AES Corp. [AES]. The present Moving Average for the last 50 days of trading for this stock 16.30, while it was recorded at 16.90 for the last single week of trading, and 17.57 for the last 200 days.

AES Corp. [AES]: Deeper insight into the fundamentals

AES Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.61 and a Current Ratio set at 0.68.

Earnings analysis for AES Corp. [AES]

With the latest financial reports released by the company, AES Corp. posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AES. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AES Corp. go to 7.50%.

Insider trade positions for AES Corp. [AES]

The top three institutional holders of AES stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AES stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AES stock with ownership which is approximately 5.8325%.