1. Enersis, a Chile-based holding company, engages in the generation, transmission and distribution of electric energy. The parent company of
, it has its operations in Chile, Argentina, Brazil, Colombia and Peru.
Of the seven analysts covering the stock, 71% rate it a buy and the rest suggest a hold. There are no sell ratings on the stock. The stock's average 12-month price target is $23.40, which is 30.9% higher than the current price, as per a
For the third quarter of 2011, the company reported net profit of $319.02 million. Enersis recorded strong growth of 7.6% and 4.9% in electricity demand from its operations in Peru and Chile, respectively, for the January-September period. As of Sept. 30, the company recorded strong cash and cash equivalents of $1,797 million. Gross margin for the latest quarter was 43.01%.
The company's customer base for its distribution business expanded to almost 355,000 subscribers in the first nine months of 2011, indicating that organic growth was a major stabilizing factor for its cash flows. Enersis' total customers reached 13.5 million with a consumption increase of 1% per household. The distribution business recorded 3.3% growth in operating revenues. Meanwhile, in the generation and transmission business, consolidated physical sales rose 1.2% to 47,857 GWh.
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