Itau USA Asset Management, Inc. recently announced the acquisition of new stake in Centrais Eletricas Brasileiras S.A. ADR (NYSE:EBR). The institutional investor has increased its shareholding in the Utilities company by 102.22% to 1.1 million shares with purchase of 0.56 million shares. This fresh investment now brings its stake to 0.06% valued currently at $9.5 million. In addition, Parametric Portfolio Associates L raised its holdings by 0.15 million to 1.07 million shares.
With over 0.48 million Centrais Eletricas Brasileiras S.A. ADR (EBR) shares trading Friday and a closing price of $8.88 on the day, the dollar volume was approximately $4.25 million. The shares have shown a positive half year performance of 12.12% and its price on 01/12/24 gained nearly 0.11%.
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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: 6 analysts who have offered their price forecasts for EBR have a consensus price objective of $59.01. The analysts have set the share’s price value over the next 12 months at a high of $71.00 and a low of $53.00. The average price target is 27.27% above its recent price level and an upside to the estimated low will see the stock gain 83.25% over that period. But an upside of 87.49% will see the stock hit the forecast high price target while median target price for the stock is $57.00.
The top 3 mutual fund holders in Centrais Eletricas Brasileiras S.A. ADR are iShares Tr. – Global Infrastructu, SPDR Portfolio Emerging Markets E, and Delaware Emerging Markets Fund. iShares Tr. – Global Infrastructu owns 1.55 million shares of the company’s stock, all valued at over $13.35 million. The company sold 3966.0 shares recently to bring their total holdings to about 0.08% of the shares outstanding. Delaware Emerging Markets Fund now owns shares totaling to 0.05% of the shares outstanding.
Shares of Centrais Eletricas Brasileiras S.A. ADR (NYSE: EBR) opened at $8.95, up $0.08 from a prior closing price of $8.87. However, the script later moved the day high at 8.99, up 0.11%. The company’s stock has a 5-day price change of 4.72% and 26.68% over the past three months. EBR shares are trading 3.02% year to date (YTD), with the 12-month market performance up to 8.42% higher. It has a 12-month low price of $5.67 and touched a high of $8.96 over the same period. EBR has an average intraday trading volume of 939.20K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.85%, 7.89%, and 18.09% respectively.
Institutional ownership of Centrais Eletricas Brasileiras S.A. ADR (NYSE: EBR) shares accounts for 1.03% of the company’s 2.02B shares outstanding. Mutual fund holders own 0.50%, while other institutional holders and individual stakeholders account for 0.51% and — respectively.
It has a market capitalization of $17.51B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 31.51, while the earnings-per-share (ttm) stands at $0.28. The company has a PEG of 10.17 and a Quick Ratio of 1.86 with the debt-to-equity ratio at 0.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.25% over the week and 1.92% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 80.02%, and 46.03% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Centrais Eletricas Brasileiras S.A. ADR (EBR) as a “Strong Buy” at a consensus score of 1.00. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 0 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
