The price of Centrais Eletricas Brasileiras S.A. (NYSE:EBR) shares last traded on Wall Street fell -2.64% to $7.01.
Based on available information, 9 analysts follow Centrais Eletricas Brasileiras S.A. (NYSE:EBR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $14.32 and a low of $9.68, we find $12.00. Given the previous closing price of $7.20, this indicates a potential upside of 66.67 percent. EBR stock price is now 4.83% away from the 50-day moving average and -10.96% away from the 200-day moving average. The market capitalization of the company currently stands at $16.50B.
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Among analysts, 0 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $12.14 as their price target over the next twelve months.
There have been several recent changes in the stakes of large investors in EBR stock. A new stake in Centrais Eletricas Brasileiras S.A. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $451,000. SOROS FUND MANAGEMENT LLC invested $402,000 in shares of EBR during the first quarter. In the first quarter, CI PRIVATE WEALTH, LLC acquired a new stake in Centrais Eletricas Brasileiras S.A. valued at approximately $101,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in EBR for approximately $100,000. GSA CAPITAL PARTNERS LLP purchased a new stake in EBR valued at around $79,000 in the second quarter. In total, there are 144 active investors with 1.71% ownership of the company’s stock.
A candlestick chart of Centrais Eletricas Brasileiras S.A. (NYSE: EBR) showed a price of $7.22 on Wednesday morning. During the past 12 months, Centrais Eletricas Brasileiras S.A. has had a low of $5.67 and a high of $10.39. The fifty day moving average price for EBR is $6.70 and a two-hundred day moving average price translates $7.86 for the stock.
The latest earnings results from Centrais Eletricas Brasileiras S.A. (NYSE: EBR) was released for Mar, 2023. The company reported revenue of $1.77 billion for the quarter, compared to $1.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.89 percent.
Investors who held shares on 05/08/2023 were paid a $0.044338 dividend. On an annualized basis, this represents a $0.19 dividend and a 2.77% percent yield. There was an ex-dividend date of 05/05/2023 for this dividend.
Centrais Eletricas Brasileiras S.A.(EBR) Company Profile
Centrais Elétricas Brasileiras S.A. – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. It owned and operated 32 hydroelectric plants; As of December 31, 2022, it operated 32 hydroelectric plants; five thermal plants, including coal and gas power generation units with a total installed capacity of 1,482 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts. It also operates 66,939 kilometers of transmission lines. The company was incorporated in 1962 and is based in Rio de Janeiro, Brazil.
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