Zacks: Brokerages Set $15.30 Price Target for Companhia Paranaense de Energia (NYSE:ELP)

Companhia Paranaense de Energia (NYSE:ELP) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Companhia Paranaense de Energia’s rating score has improved by 20% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokerages have set a 1-year consensus price target of $15.30 for the company, according to Zacks. Zacks has also assigned Companhia Paranaense de Energia an industry rank of 171 out of 256 based on the ratings given to its competitors.

A number of analysts have recently issued reports on ELP shares. Bank of America raised shares of Companhia Paranaense de Energia from an “underperform” rating to a “neutral” rating in a report on Monday, July 15th. UBS Group raised shares of Companhia Paranaense de Energia from a “neutral” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Standpoint Research downgraded shares of Companhia Paranaense de Energia from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

Shares of NYSE ELP traded up $0.03 during mid-day trading on Friday, reaching $13.13. 277,211 shares of the company were exchanged, compared to its average volume of 488,223. Companhia Paranaense de Energia has a 52 week low of $4.70 and a 52 week high of $13.73. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.58 billion, a PE ratio of 9.73, a PEG ratio of 1.09 and a beta of 0.55. The stock has a 50 day moving average of $12.80.

Companhia Paranaense de Energia (NYSE:ELP) last posted its quarterly earnings data on Wednesday, May 15th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia had a net margin of 10.21% and a return on equity of 9.49%. The company had revenue of $1.03 billion during the quarter. Equities analysts anticipate that Companhia Paranaense de Energia will post 1.56 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Advisor Group Inc. lifted its stake in Companhia Paranaense de Energia by 98.1% in the second quarter. Advisor Group Inc. now owns 3,445 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 1,706 shares during the last quarter. Parallel Advisors LLC lifted its stake in Companhia Paranaense de Energia by 154.1% in the second quarter. Parallel Advisors LLC now owns 3,936 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 2,387 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Companhia Paranaense de Energia in the second quarter worth $66,000. Advisors Preferred LLC lifted its stake in Companhia Paranaense de Energia by 211.7% in the first quarter. Advisors Preferred LLC now owns 18,315 shares of the utilities provider’s stock worth $170,000 after purchasing an additional 12,440 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Companhia Paranaense de Energia in the second quarter worth $176,000. 0.65% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. As of December 31, 2017, the company operated 17 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,024.0 megawatts; and owned and operated 2,698.3 kilometers of transmission lines and 196,951.2 kilometers of distribution lines.

Recommended Story: Bear Market

Get a free copy of the Zacks research report on Companhia Paranaense de Energia (ELP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Companhia Paranaense de Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Paranaense de Energia and related companies with MarketBeat.com's FREE daily email newsletter.