Zacks: CPFL Energia SA (NYSE:CPL) Given Average Recommendation of “Strong Buy” by Analysts
Shares of CPFL Energia SA (NYSE:CPL) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports.
Analysts have set a twelve-month consensus target price of $13.20 for the company, according to Zacks. Zacks has also given CPFL Energia SA an industry rank of 152 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of CPFL Energia SA from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in CPFL Energia SA by 20.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,689 shares of the company’s stock worth $1,141,000 after buying an additional 15,358 shares during the period. Walleye Trading LLC purchased a new position in CPFL Energia SA during the second quarter worth $254,000. Marshall Wace LLP purchased a new position in CPFL Energia SA during the second quarter worth $184,000. Parametric Portfolio Associates LLC boosted its position in CPFL Energia SA by 14.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,180,157 shares of the company’s stock worth $15,177,000 after buying an additional 152,492 shares during the period. Finally, Jefferies Group LLC purchased a new position in CPFL Energia SA during the second quarter worth $160,000. Institutional investors own 1.71% of the company’s stock.
CPFL Energia SA (NYSE:CPL) traded up 0.88% during mid-day trading on Monday, reaching $14.93. 111,022 shares of the company’s stock traded hands. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 22.69 and a beta of 1.55. CPFL Energia SA has a one year low of $6.38 and a one year high of $15.31. The firm’s 50-day moving average price is $14.58 and its 200 day moving average price is $12.39.
CPFL Energia SA Company Profile
CPFL Energia SA is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. Its segments include Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, Services and Other.
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