RBC Capital Stick to Their Buy Rating for AES Corp

RBC Capital analyst Shelby Tucker maintained a Buy rating on AES (NYSE:AES) Corp on Thursday, setting a price target of $23, which is approximately 8.70% above the present share price of $21.16.

Tucker expects AES Corp to post earnings per share (EPS) of -$0.50 for the fourth quarter of 2020.

The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in AES, with an average price target of $23.
The analysts price targets range from a high of $24 to a low of $22.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.55 billion and a net profit of $715 million. The company's market cap is $13.95 billion.

According to TipRanks.com, RBC Capital analyst Shelby Tucker is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.5% and a 70.21% success rate.

AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following business segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU, and Corporate and Other. The U.S. and Utilities SBU segment consists of facilities in the United States, Puerto Rico, and El Salvador. The South America SBU segment covers Chile, Colombia, Argentina, and Brazil. The MCAC SBU segment refers to Mexico, Central America, and the Caribbean. The Eurasia SBU segment handles operations in Europe and Asia. The Corporate and Other segment includes the results of the AES self-insurance company. The company was founded by Dennis W. Bakke and Roger W. Sant in 1981 and is headquartered in Arlington, VA.

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