AzValor Asset Management SGIIC SA recently announced the acquisition of new stake in Centrais Eletricas Brasileiras S.A. (NYSE:EBR). The institutional investor has increased its shareholding in the Utilities company by 79.00% to 2.06 million shares with purchase of 0.91 million shares. This fresh investment now brings its stake to 0.10% valued currently at $13.5 million. In addition, HSBC Global Asset Management raised its holdings by 32250.0 to 1.81 million shares. And Morgan Stanley Uruguay Ltda. has lifted its position by 22,661.00% or 0.98 million shares – to 0.99 million shares.
With over 2.05 million Centrais Eletricas Brasileiras S.A. (EBR) shares trading Monday and a closing price of $6.08 on the day, the dollar volume was approximately $12.45 million. The shares have shown a negative half year performance of -31.14% and its price on 03/13/23 lost nearly -0.65%. Currently, there are 2.02B common shares owned by the public and among those 2.02B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for EBR have a consensus price objective of $12.26. The analysts have set the share’s price value over the next 12 months at a high of $14.01 and a low of $10.33. The average price target is 48.03% above its recent price level and an upside to the estimated low will see the stock gain 41.14% over that period. But an upside of 56.6% will see the stock hit the forecast high price target while median target price for the stock is $12.24.
The top 3 mutual fund holders in Centrais Eletricas Brasileiras S.A. are iShares Tr. – Global Infrastructu, azValor Internacional, FI, and SPDR S&P Kensho Clean Power ETF. iShares Tr. – Global Infrastructu owns 2.03 million shares of the company’s stock, all valued at over $13.32 million. azValor Internacional, FI bought 0.91 million shares to see its total holdings expand to 1.96 million shares valued at over $12.88 million and representing 0.10% of the shares outstanding. SPDR S&P Kensho Clean Power ETF now owns shares totaling to 0.05% of the shares outstanding.
Shares of Centrais Eletricas Brasileiras S.A. (NYSE: EBR) opened at $6.00, down -$0.12 from a prior closing price of $6.12. However, the script later moved the day high at 6.21, down -0.65%. The company’s stock has a 5-day price change of -5.88% and -25.76% over the past three months. EBR shares are trading -23.33% year to date (YTD), with the 12-month market performance down to -11.11% lower. It has a 12-month low price of $6.11 and touched a high of $10.39 over the same period. EBR has an average intraday trading volume of 1.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.63%, -17.49%, and -27.25% respectively.
Institutional ownership of Centrais Eletricas Brasileiras S.A. (NYSE: EBR) shares accounts for 1.80% of the company’s 2.02B shares outstanding. Mutual fund holders own 0.63%, while other institutional holders and individual stakeholders account for 0.75% and — respectively.
It has a market capitalization of $14.05B. The stock’s trailing 12-month PE ratio is 21.71, while the earnings-per-share (ttm) stands at $0.28. The company has a PEG of 7.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.89% over the week and 2.80% over the month.
Analysts forecast that Centrais Eletricas Brasileiras S.A. (EBR) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.98 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 32.30%, and 14.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Centrais Eletricas Brasileiras S.A. (EBR) as a “Strong Buy” at a consensus score of 1.00. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 0 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
