Empresa Distribuidora y Cmrz Nrt SA (EDN) Receives $26.50 Consensus PT from Brokerages

Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) has earned a consensus rating of “Sell” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.50.

A number of analysts recently commented on the company. Morgan Stanley lowered Empresa Distribuidora y Cmrz Nrt from an “overweight” rating to an “equal” rating and set a $26.50 target price for the company. in a research report on Wednesday, May 30th. Zacks Investment Research raised Empresa Distribuidora y Cmrz Nrt from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. TheStreet raised Empresa Distribuidora y Cmrz Nrt from a “d” rating to a “c-” rating in a research report on Friday, June 1st. ValuEngine lowered Empresa Distribuidora y Cmrz Nrt from a “buy” rating to a “hold” rating in a research report on Monday, June 18th. Finally, Bank of America lowered Empresa Distribuidora y Cmrz Nrt from a “neutral” rating to an “underperform” rating in a research report on Friday.

EDN stock opened at $21.10 on Friday. Empresa Distribuidora y Cmrz Nrt has a 1-year low of $19.05 and a 1-year high of $63.29. The stock has a market capitalization of $1.01 billion, a PE ratio of -21.10 and a beta of 1.61. The company has a debt-to-equity ratio of 8.62, a current ratio of 0.87 and a quick ratio of 0.83.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last issued its earnings results on Friday, August 10th. The utilities provider reported ($0.18) EPS for the quarter. Empresa Distribuidora y Cmrz Nrt had a net margin of 4.64% and a return on equity of 104.96%. The firm had revenue of $444.02 million during the quarter. analysts expect that Empresa Distribuidora y Cmrz Nrt will post 4.22 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. CarVal Investors LLC bought a new stake in Empresa Distribuidora y Cmrz Nrt during the 2nd quarter worth approximately $292,000. Atria Investments LLC increased its holdings in Empresa Distribuidora y Cmrz Nrt by 23.6% during the 2nd quarter. Atria Investments LLC now owns 12,113 shares of the utilities provider’s stock worth $394,000 after purchasing an additional 2,311 shares in the last quarter. Millennium Management LLC increased its holdings in Empresa Distribuidora y Cmrz Nrt by 198.1% during the 2nd quarter. Millennium Management LLC now owns 102,133 shares of the utilities provider’s stock worth $3,318,000 after purchasing an additional 67,871 shares in the last quarter. BlackRock Inc. increased its holdings in Empresa Distribuidora y Cmrz Nrt by 21.6% during the 2nd quarter. BlackRock Inc. now owns 136,310 shares of the utilities provider’s stock worth $4,429,000 after purchasing an additional 24,248 shares in the last quarter. Finally, Dorsey Wright & Associates increased its holdings in Empresa Distribuidora y Cmrz Nrt by 9.6% during the 2nd quarter. Dorsey Wright & Associates now owns 449,567 shares of the utilities provider’s stock worth $15,908,000 after purchasing an additional 39,328 shares in the last quarter. 8.79% of the stock is owned by institutional investors and hedge funds.

About Empresa Distribuidora y Cmrz Nrt

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.

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