Shares of CPFL Energia SA (NYSE:CPL) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports.
Brokerages have set a twelve-month consensus price objective of $13.20 for the company, according to Zacks. Zacks has also assigned CPFL Energia SA an industry rank of 172 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of CPFL Energia SA from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st.
Shares of CPFL Energia SA (NYSE:CPL) opened at 14.92 on Monday. CPFL Energia SA has a 12 month low of $6.38 and a 12 month high of $15.31. The firm has a market cap of $7.59 billion, a PE ratio of 22.67 and a beta of 1.55. The stock’s 50 day moving average is $14.62 and its 200 day moving average is $12.52.
A number of large investors have recently bought and sold shares of CPL. BNP Paribas Arbitrage SA boosted its stake in CPFL Energia SA by 752.0% in the third quarter. BNP Paribas Arbitrage SA now owns 7,063 shares of the company’s stock valued at $105,000 after buying an additional 6,234 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in CPFL Energia SA by 12.5% in the third quarter. Eqis Capital Management Inc. now owns 14,442 shares of the company’s stock valued at $214,000 after buying an additional 1,601 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake 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 valued at $1,141,000 after buying an additional 15,358 shares in the last quarter. Walleye Trading LLC bought a new position in CPFL Energia SA during the second quarter worth approximately $254,000. Finally, Marshall Wace LLP bought a new position in CPFL Energia SA during the second quarter worth approximately $184,000. 1.71% of the stock is owned by institutional investors and hedge funds.
About CPFL Energia SA
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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