Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Sets New 1-Year Low - Should You Sell?

Key Points

• Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) hit a new 52-week low of $16.43, with a last trading price of $16.64, down from a previous close of $17.04.
• Analysts have a consensus rating of "Hold" for Edenor, with a target price of $36.00, as recent reports show fluctuations in analyst opinions.
• The company reported earnings per share of $1.85 for the last quarter, alongside revenue of $543.69 million, with a forecast of 1.38 earnings per share for the current year.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.43 and last traded at $16.64, with a volume of 40115 shares traded. The stock had previously closed at $17.04.

Analysts Set New Price Targets

EDN has been the subject of a number of recent research reports. Morgan Stanley reiterated an "equal weight" rating and set a $36.00 price objective on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a research report on Wednesday, August 20th. Wall Street Zen downgraded Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $36.00.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Price Performance

The stock has a fifty day moving average price of $23.88 and a 200-day moving average price of $28.49. The company has a market cap of $687.96 million, a PE ratio of 2.42 and a beta of 1.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.82.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) last released its earnings results on Monday, August 11th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter. The company had revenue of $543.69 million during the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 18.04% and a net margin of 11.55%. On average, equities analysts expect that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current year.

Institutional Trading of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Preferred LLC purchased a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter worth $103,000. Jane Street Group LLC bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter valued at approximately $207,000. Voloridge Investment Management LLC bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter valued at approximately $258,000. Jump Financial LLC bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the second quarter valued at approximately $320,000. Finally, Bank of America Corp DE raised its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 135.4% during the fourth quarter. Bank of America Corp DE now owns 7,481 shares of the utilities provider's stock valued at $321,000 after acquiring an additional 4,303 shares in the last quarter. 1.64% of the stock is currently owned by hedge funds and other institutional investors.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.