Aixtron (NASDAQ:AIXG): Canaccord Genuity Reaffirms Sell Rating Today, Has a Target of $3.75/Share

Share

Aixtron (NASDAQ:AIXG) Rating Reaffirmed

Equity analysts at Canaccord Genuity now has a $3.75 Estimated Target Price on Aixtron (NASDAQ:AIXG). Canaccord Genuity and their recent Estimated Target Price may imply a potential downside of -42.13% from the company’s last price. The rating has been released in a comprehensive report on 10 December.

From a total of 3 analysts covering Aixtron Ag (NASDAQ:AIXG) stock, 0 rate it a ”Buy”, 2 a “Sell”, and 2 a ”Hold”. This means that 0% of the ratings are positive. Aixtron Ag was the topic of 6 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. CLSA downgraded shares on December 4 to “Sell” rating. JP Morgan downgraded AIXG stock in a recent report from November 23 to “Neutral” rating. Finally, Canaccord Genuity maintained the stock with “Sell” rating in a report issued on a July 29.

Approximately 85,719 shares of stock traded hands or 63.22% up from the average. AIXTRON SE (ADR) (NASDAQ:AIXG) has declined 12.20% since May 7, 2015 and is downtrending. It has underperformed by 10.26% the S&P500.

Aixtron SE is a provider of deposition equipment to the semiconductor and compound-semiconductor industry. The company has a market cap of $850.75 million. The Company’s technology solutions are used by a diverse range of clients to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. It currently has negative earnings. Such components are used in fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, signaling and lighting, and displays.

According to Zacks Investment Research, “AIXTRON AG is a leading provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. Such components are used in fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, signaling and lighting, as well as a range of other leading-edge technologies. AIXTRON AG’s securities are listed on the Prime Standard market segment of the Frankfurt Stock Exchange and, as American Depositary Shares (ADS), on the NASDAQ GLOBAL MARKET, and are included in the TecDAX index, the NASDAQ Composite Index, the MSCI World Small Cap Index and the Nature Stock Index (NAI). Founded in 1983, the Company is headquartered in Aachen, Germany.” Get a free copy of the Zacks research report on AIXTRON SE (ADR) (AIXG).

COMMENTS: