Aixtron AG (NASDAQ: AIXG) was upgraded by equities research analysts at Canaccord Genuity from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
The analysts wrote, “We are upgrading the LED group following our recent supply chain tour of Asia. Specifically for AIXTRON, we believe that the equipment market has finally bottomed; however, we believe a lack of leverage in the company’s model justifies only a HOLD rating.”
AIXG has been the subject of a number of other recent research reports. Analysts at Northland Securities initiated coverage on shares of Aixtron AG in a research note to investors on Friday, March 1st. They set an “underperform” rating and a $8.00 price target on the stock. Separately, analysts at Northland Capital initiated coverage on shares of Aixtron AG in a research note to investors on Friday, March 1st. They set an “under perform” rating and a $10.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Aixtron AG from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, February 28th. They now have a $11.50 price target on the stock.
Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Aixtron AG currently has a consensus rating of “Hold” and an average target price of $9.83.
Aixtron AG (NASDAQ: AIXG) traded up 6.01% on Monday, hitting $14.47. Aixtron AG has a 52-week low of $11.21 and a 52-week high of $19.16. The stock’s 50-day moving average is currently $13.2. The company’s market cap is $1.460 billion.
Aixtron AG (NASDAQ: AIXG) last posted its quarterly earnings results on Thursday, February 28th. The company reported ($0.43) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.45. The company had revenue of $77.50 million for the quarter, compared to the consensus estimate of $71.74 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was down 44.7% on a year-over-year basis. On average, analysts predict that Aixtron AG will post $-0.20 earnings per share for the current fiscal year.
AIXTRON SE (NASDAQ: AIXG), formerly AIXTRON AG, is a provider of deposition equipment equipment to the semiconductor and compound-semiconductor industry.