Enel Chile S.A. (NYSE: ENIC) is -8.74% lower on its value in year-to-date trading and has touched a low of $3.17 and a high of $4.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENIC stock was last observed hovering at around $3.70 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $3589.23 for the next 12 months. It is also 99.92% off the consensus price target high of $4334.46 offered by 7 analysts, but current levels are 99.9% higher than the price target low of $3500.00 for the same period.
Currently trading at $3.55, the stock is -9.35% and -8.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -4.05% at the moment leaves the stock -5.89% off its SMA200. ENIC registered -11.47% loss for a year compared to 6-month gain of 6.61%. The firm has a 50-day simple moving average (SMA 50) of $3.9241 and a 200-day simple moving average (SMA200) of $3.7939.
The stock witnessed a -11.47% loss in the last 1 month and extending the period to 3 months gives it a -5.84%, and is -9.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.94% over the week and 3.00% over the month.
Enel Chile S.A. (ENIC) has around 2219 employees, a market worth around $4.93B and $3.66B in sales. Fwd P/E is 7.10. Profit margin for the company is -2.00%. Distance from 52-week low is 11.81% and -21.02% from its 52-week high. The company has generated returns on investments over the last 12 months (0.90%).
Enel Chile S.A. (ENIC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Enel Chile S.A. (ENIC) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Enel Chile S.A. is expected to release its quarterly report on 07/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -117.20% this year, but quarterly earnings will post 2.60% year-over-year.
Enel Chile S.A. (ENIC) Top Institutional Holders
138 institutions hold shares in Enel Chile S.A. (ENIC), with institutional investors hold 4.07% of the company’s shares. The shares outstanding are 1.38B, and float is at 496.65M with Short Float at 0.32%. Institutions hold 4.07% of the Float.
The top institutional shareholder in the company is Brandes Investment Partners L.P. with over 5.75 million shares valued at $22.35 million. The investor’s holdings represent 0.42% of the ENIC Shares outstanding. As of Dec 30, 2020, the second largest holder is Dimensional Fund Advisors LP with 4.63 million shares valued at $18.02 million to account for 0.33% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 3.38 million shares representing 0.24% and valued at over $13.16 million, while Vanguard Group, Inc. (The) holds 0.19% of the shares totaling 2.65 million with a market value of $10.32 million.
Enel Chile S.A. (ENIC): Who are the competitors?
The company’s main competitors (and peers) include Huaneng Power International Inc. (HNP) that is trading -3.12% down over the past 12 months. Hawaiian Electric Industries Inc. (HE) is 5.12% up on the 1-year trading charts. Short interest in the company’s stock has fallen -18.52% from the last report on Apr 14, 2021 to stand at a total of 1.6 million short shares sold with a short interest ratio of 4.12.