Empresa Distribuidora y Cmrz Nrt SA (EDN) Given $47.00 Consensus Target Price by Brokerages

Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus price objective of $47.00 for the company, according to Zacks. Zacks has also assigned Empresa Distribuidora y Cmrz Nrt an industry rank of 207 out of 265 based on the ratings given to related companies.

A number of research analysts have issued reports on EDN shares. Zacks Investment Research upgraded shares of Empresa Distribuidora y Cmrz Nrt from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Santander lowered shares of Empresa Distribuidora y Cmrz Nrt from a “buy” rating to a “hold” rating in a research note on Friday, December 15th.

Shares of Empresa Distribuidora y Cmrz Nrt (EDN) traded up $2.93 during trading on Friday, reaching $55.99. 90,007 shares of the company’s stock were exchanged, compared to its average volume of 65,410. The company has a debt-to-equity ratio of 8.24, a current ratio of 0.64 and a quick ratio of 0.61. Empresa Distribuidora y Cmrz Nrt has a twelve month low of $28.88 and a twelve month high of $57.15. The firm has a market cap of $1,320.00, a price-to-earnings ratio of 35.89 and a beta of 1.83.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last issued its quarterly earnings results on Thursday, November 16th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter. Empresa Distribuidora y Cmrz Nrt had a net margin of 6.46% and a return on equity of 192.95%.

Several hedge funds have recently added to or reduced their stakes in EDN. Fiera Capital Corp purchased a new stake in shares of Empresa Distribuidora y Cmrz Nrt in the 2nd quarter valued at $8,737,000. Wells Fargo & Company MN boosted its holdings in shares of Empresa Distribuidora y Cmrz Nrt by 31.9% in the 2nd quarter. Wells Fargo & Company MN now owns 291,653 shares of the utilities provider’s stock valued at $9,304,000 after acquiring an additional 70,531 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in shares of Empresa Distribuidora y Cmrz Nrt by 43.6% in the 3rd quarter. Dorsey Wright & Associates now owns 219,546 shares of the utilities provider’s stock valued at $8,966,000 after acquiring an additional 66,699 shares during the last quarter. PointState Capital LP purchased a new stake in shares of Empresa Distribuidora y Cmrz Nrt in the 2nd quarter valued at $474,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Empresa Distribuidora y Cmrz Nrt in the 3rd quarter valued at $239,000. 6.39% of the stock is currently owned by institutional investors and hedge funds.

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About Empresa Distribuidora y Cmrz Nrt

Empresa Distribuidora y Comercializadora Norte SA is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires.

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