Texas (Mar. 14, 2013) Wax Ink has issued a No Investment Interest rating for Advanced Energy Industries, Inc. (Nasdaq: AEIS) based on a recent baseline equity review which placed fair value between $32-$36.
The recent close of $19.57 is approximately 1% above the fair value buy target for the stock and approximately 51% below the fair value close target for the stock. The recent close is also 3% below analysts' $19.00 median target for the stock.
Merging the recent close with FY11-FY12 year-over-year earnings decline of 16%, yields a trailing twelve month PE of 18, and a PEG Ratio of 1.1.
In the past 52 weeks, share prices have moved between a high of $20.00 and a low of $10.80. With the recent close, the stock is trading 2% below the 52 week high and 45% above the 52 week low.
Advanced Energy Industries, Inc. designs, manufactures, and sells, power conversion systems.
All valuations are based on the listed company's most recent SEC annual filing, and all prices are per share.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.