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Do Analysts Expect AES Corp (AES) Stock to Rise After It Has Risen 18.28% in a Month?

Thursday, March 28, 2024 03:44 PM | InvestorsObserver Analysts

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Do Analysts Expect AES Corp (AES) Stock to Rise After It Has Risen 18.28% in a Month?

Wall Street is positive on AES Corp (AES). On average, analysts give AES Corp a Strong Buy rating. The average price target is $20.625, which means analysts expect the stock to gain by 15.48% over the next twelve months. That average ranking earns AES Corp an Analyst Rating of 48, which is better than 48% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.2
Wall Street analysts are rating AES a Strong Buy today. Find out what this means to you and get the rest of the rankings on AES!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With AES Corp Stock Today?

AES Corp (AES) stock is trading at $17.86 as of 3:44 PM on Thursday, Mar 28, a gain of $0.59, or 3.45% from the previous closing price of $17.26. The stock has traded between $17.23 and $17.98 so far today. Volume today is below average. So far 7,142,806 shares have traded compared to average volume of 10,554,138 shares. Click Here to get the full Stock Report for AES Corp stock.

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