Brokerages Set $10.00 Price Target for Companhia Paranaense de Energia (COPEL) (ELP)

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) has received a consensus broker rating score of 4.00 (Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating.

Brokers have set a 1-year consensus target price of $10.00 for the company, according to Zacks. Zacks has also given Companhia Paranaense de Energia (COPEL) an industry rank of 163 out of 265 based on the ratings given to related companies.

A number of research firms recently issued reports on ELP. BidaskClub downgraded shares of Companhia Paranaense de Energia (COPEL) from a “strong-buy” rating to a “buy” rating in a report on Tuesday. ValuEngine downgraded shares of Companhia Paranaense de Energia (COPEL) from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th.

Several institutional investors have recently bought and sold shares of ELP. Greenleaf Trust increased its position in Companhia Paranaense de Energia (COPEL) by 36.6% in the first quarter. Greenleaf Trust now owns 20,209 shares of the utilities provider’s stock worth $208,000 after buying an additional 5,414 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in Companhia Paranaense de Energia (COPEL) during the first quarter worth about $138,000. Virtu Financial LLC acquired a new position in Companhia Paranaense de Energia (COPEL) during the first quarter worth about $194,000. Russell Investments Group Ltd. increased its position in Companhia Paranaense de Energia (COPEL) by 173.7% in the first quarter. Russell Investments Group Ltd. now owns 119,598 shares of the utilities provider’s stock worth $1,233,000 after buying an additional 75,898 shares during the last quarter. Finally, Numeric Investors LLC acquired a new position in Companhia Paranaense de Energia (COPEL) during the fourth quarter worth about $3,170,000. 3.96% of the stock is currently owned by institutional investors.

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Shares of Companhia Paranaense de Energia (NYSE:ELP) traded up 0.65% during mid-day trading on Friday, reaching $7.72. 584,428 shares of the company’s stock traded hands. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 5.57 and a beta of 1.59. The firm’s 50 day moving average price is $8.53 and its 200-day moving average price is $9.45. Companhia Paranaense de Energia has a 12-month low of $7.48 and a 12-month high of $11.94.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last announced its quarterly earnings results on Tuesday, March 28th. The utilities provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.62. The company had revenue of $1.04 billion for the quarter. Companhia Paranaense de Energia (COPEL) had a net margin of 9.30% and a return on equity of 7.84%. Equities research analysts forecast that Companhia Paranaense de Energia will post $1.20 earnings per share for the current year.

Companhia Paranaense de Energia (COPEL) Company Profile

Companhia Paranaense de Energia is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its segments are Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL).

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