La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Portland Gen Electric a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Portland Gen Electric..

Portland Gen Electric (NYSE:POR) Azioni, Catena delle Opzioni

Portland Gen Electric

Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services in a service territory that includes about half of all Oregon residents and two thirds of the state's business activity. The company owns (wholly or through joint ventures) 3.5 gigawatts of gas, coal, wind, and hydro generation.

Portland General Electric

Portland General Electric Co Common Stock

Portland General Electric Co

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Barclays analyst Nicholas Campanella maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Equal-Weight and lowers the price target from $49 to $48.

News

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Portland Gen Electric, Lowers Price Target to $48

Guidance

Portland General Electric Narrows 2024 Adjusted EPS Outlook To $3.08 -$3.18 from $2.98 - $3.18 Vs. $3.08 Consensus

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.73 by 23.29 percent. The company reported quarterly sales of $942.000 million which beat the analyst consensus estimate of $859.775 million by 9.56 percent. This is a 17.60 percent increase over sales of $801.000 million the same period last year.

Earnings

Earnings Beats

Portland Gen Electric Q3 2024 GAAP EPS $0.90 Beats $0.73 Estimate, Sales $942.000M Beat $859.775M Estimate

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) will release its quarterly earnings report on Friday, 2024-10-25. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Portland Gen Electric to report an earnings per share (EPS) of $0.60.
Investors in Portland Gen Electric are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS beat by $0.07, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at Portland Gen Electric's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.62</td>
<td>1.09</td>
<td>0.88</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.69</td>
<td>1.21</td>
<td>0.67</td>
<td>0.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-1.0%</td>
<td>0.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729782025_0.png" alt="eps graph" />
<h3>Portland Gen Electric Share Price Analysis</h3>
Shares of Portland Gen Electric were trading at $49.0 as of October 23. Over the last 52-week period, shares are up 23.89%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Portland Gen Electric</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Portland Gen Electric.
Analysts have provided Portland Gen Electric with 5 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $50.6, suggesting a potential 3.27% upside.
<h3>Peer Ratings Overview</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Idacorp, TXNM Energy and MGE Energy, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>For Idacorp, analysts project an Neutral trajectory, with an average 1-year price target of $107.5, indicating a potential 119.39% upside.</li>
<li>As per analysts' assessments, TXNM Energy is favoring an Outperform trajectory, with an average 1-year price target of $47.75, suggesting a potential 2.55% downside.</li>
<li>As per analysts' assessments, MGE Energy is favoring an Underperform trajectory, with an average 1-year price target of $72.5, suggesting a potential 47.96% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
Within the peer analysis summary, vital metrics for Idacorp, TXNM Energy and MGE Energy are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Portland Gen Electric</td>
<td>Neutral</td>
<td>16.98%</td>
<td>$483M</td>
<td>2.07%</td>
</tr>
<tr>
<td>Idacorp</td>
<td>Neutral</td>
<td>8.99%</td>
<td>$104.02M</td>
<td>2.93%</td>
</tr>
<tr>
<td>TXNM Energy</td>
<td>Outperform</td>
<td>2.29%</td>
<td>$308.81M</td>
<td>2.02%</td>
</tr>
<tr>
<td>MGE Energy</td>
<td>Underperform</td>
<td>-1.54%</td>
<td>$62.60M</td>
<td>2.05%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Portland Gen Electric is positioned in the middle among its peers for revenue growth. It ranks at the bottom for gross profit. The company is at the top for return on equity.
<h3>Delving into Portland Gen Electric's Background</h3>
Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services in a service territory that includes about half of all Oregon residents and two thirds of the state's business activity. The company owns (wholly or through joint ventures) 3.5 gigawatts of gas, coal, wind, and hydro generation.
<h3>Financial Milestones: Portland Gen Electric's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Portland Gen Electric's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.98% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.5%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Portland Gen Electric's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.07% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.62%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.36, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/POR/earnings">To track all earnings releases for Portland Gen Electric visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Portland Gen Electric's Earnings: A Preview

JP Morgan analyst Richard Sunderland maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Overweight and raises the price target from $54 to $55.

JP Morgan Maintains Overweight on Portland Gen Electric, Raises Price Target to $55

Evercore ISI Group analyst Michael Lonegan initiates coverage on Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Outperform rating and announces Price Target of $54.

Initiation

Evercore ISI Group Initiates Coverage On Portland Gen Electric with Outperform Rating, Announces Price Target of $54

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Hold rating and announces Price Target of $48.

Jefferies Initiates Coverage On Portland Gen Electric with Hold Rating, Announces Price Target of $48

Barclays analyst Nicholas Campanella downgrades Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) from Overweight to Equal-Weight and raises the price target from $48 to $49.

Downgrades

Barclays Downgrades Portland Gen Electric to Equal-Weight, Raises Price Target to $49

B of A Securities analyst Ross Fowler reinstates Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Underperform and announces $47 price target.

B of A Securities Reinstates Underperform on Portland Gen Electric, Announces $47 Price Target

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
<h3 class="wp-block-heading">Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>)</h3>
<ul>
<li>Dividend Yield: 4.33%</li>
<li>Barclays analyst Nicholas Campanella maintained an Overweight rating and raised the price target from $44 to $48 on July 22. This analyst has an accuracy rate of 65%.</li>
<li>Mizuho analyst Anthony Crowdell maintained a Neutral rating and boosted the price target from $42 to $45 on May 16. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On July 26, Portland General Electric posted better-than-expected quarterly results.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://pro.benzinga.com/dashboard"> latest POR news</a></li>
</ul>
<h3 class="wp-block-heading">ALLETE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALE#NYSE">ALE</a>)</h3>
<ul>
<li>Dividend Yield: 4.39%</li>
<li>Mizuho analyst Anthony Crowdellmaintained a Neutral rating and increased the price target from $57 to $67 on May 16. This analyst has an accuracy rate of 63%.</li>
<li>Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and raised the price target from $57 to $59 on Feb. 21. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Aug. 1, ALLETE posted downbeat quarterly results.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://pro.benzinga.com/dashboard">trend in ALE's stock</a>.</li>
</ul>
<h3 class="wp-block-heading">Clearway Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>)</h3>
<ul>
<li>Dividend Yield: 6.05%</li>
<li>Morgan Stanley analyst Robert Kadupgraded the stock from Equal-Weight to Overweight and boosted the price target from $25 to $36 on July 31. This analyst has an accuracy rate of 80%.</li>
<li>Oppenheimer analyst Noah Kaye maintained an Outperform rating and raised the price target from $33 to $37 on Jan. 19. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Aug. 1, Clearway Energy posted a decline in second-quarter sales.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro&#8217;s signals feature</a> notified of a potential breakout in CWEN's shares.</li>
</ul>
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The Nasdaq 100 closed lower by more than 200 points during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of $120.29. The insider received around $28.9 million from selling those shares.</li>
<li>What's Happening: On July 22, Piper Sandler analyst Harsh Kumar maintained NVIDIA with an Overweight and raised the price target from $120 to $140.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">latest NVDA news</a></li>
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<h3 class="wp-block-heading">Lockheed Martin</h3>
<ul>
<li>The Trade: Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) Pres. Missiles &amp; Fire Control Timothy S Cahill <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,975 shares</a> at an average price of $515.36. The insider received around $2.05 million from selling those shares.</li>
<li>What's Happening: On July 25, JP Morgan analyst Seth Seifman maintained Lockheed Martin with an Overweight and raised the price target from $518 to $560.</li>
<li>What Lockheed Martin Does: Lockheed Martin is the world&#8217;s largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">trend in LMT stock</a>.</li>
</ul>
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<h3 class="wp-block-heading">Paychex</h3>
<ul>
<li>The Trade: Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) Sr. VP of Sales Mark Anthony Bottini <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,954 shares</a> at an average price of $123.60. The insider received around $1.1 million from selling those shares.</li>
<li>What's Happening: On July 10, Paychex declared a regular quarterly cash dividend of 98 cents per share.</li>
<li>What Paychex Does: Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">breakout in PAYX shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="660" height="755" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26052018/Screenshot-2024-07-26-at-2.50.13-PM.png" alt="" class="wp-image-458837" style="width:488px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26052018/Screenshot-2024-07-26-at-2.50.13-PM.png 660w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26052018/Screenshot-2024-07-26-at-2.50.13-PM-262x300.png 262w" sizes="(max-width: 660px) 100vw, 660px" /></a></figure>
<h3 class="wp-block-heading">Portland General Electric</h3>
<ul>
<li>The Trade: Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) EVP, COO Benjamin Felton <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,886 shares</a> at an average price of $48.00. The insider received around $90,528 from selling those shares.</li>
<li>What's Happening: On July 22, Keybanc analyst Sophie Karp upgraded Portland Gen Electric from Sector Weight to Overweight.</li>
<li>What Portland General Electric Does: Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services in a service territory that includes about half of all Oregon residents and two thirds of the state&#8217;s business activity.</li>
<li>Benzinga Pro's earnings calendar was used to track POR <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">upcoming earnings report</a>.</li>
</ul>
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2024 Earnings&nbsp;Guidance
PGE is reaffirming its estimate for full-year 2024 adjusted earnings&nbsp;guidance&nbsp;of&nbsp;$2.98&nbsp;to&nbsp;$3.18&nbsp;per diluted share based on the following assumptions:
<ul>
<li>Exclusion of the impacts of the&nbsp;January 2024&nbsp;winter storm, including non-deferrable Reliability Contingency Event (RCE) costs and non-deferred incremental storm restoration costs;</li>
<li>An increase in energy deliveries of&nbsp;2%&nbsp;to&nbsp;3%, weather adjusted;</li>
<li>Normal temperatures in its utility service territory;</li>
<li>Hydro conditions for the year that reflect current estimates;</li>
<li>Wind generation based on five years of historical levels or forecast studies when historical data is not available;</li>
<li>Normal thermal plant operations;</li>
<li>Operating and maintenance expense between&nbsp;$800 million&nbsp;and&nbsp;$825 million&nbsp;which includes approximately&nbsp;$150 million&nbsp;of wildfire, vegetation management, deferral amortization and other expenses that are offset in other income statement lines;</li>
<li>Depreciation and amortization expense between&nbsp;$475 million&nbsp;and&nbsp;$525 million;</li>
<li>Effective tax rate of&nbsp;10%&nbsp;to&nbsp;15%;</li>
<li>Cash from operations of&nbsp;$700&nbsp;to&nbsp;$800 million;</li>
<li>Capital expenditures of&nbsp;$1,340&nbsp;million; and</li>
<li>Average construction work in progress balance of&nbsp;$740 million.</li>
</ul>

Portland General Electric Reaffirms 2024 Guidance: Projects Adjusted EPS Of $2.98-$3.18 Vs. $3.06 Consensus, And Cash From Operations Of $700M-$800M

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.61 by 13.11 percent. This is a 76.92 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $758.000 million which beat the analyst consensus estimate of $715.055 million by 6.01 percent. This is a 16.98 percent increase over sales of $648.000 million the same period last year.

Portland Gen Electric Q2 2024 GAAP EPS $0.69 Beats $0.61 Estimate, Sales $758.000M Beat $715.055M Estimate

KeyBanc Capital Markets analysts upgraded Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) to Overweight from Sector Weight, <a target="_blank" href="https://www.benzinga.com/quote/POR/analyst-ratings" rel="noreferrer noopener">with a $52 price target.</a>
The analysts write that the company is seeing strong power demand growth due to high-tech and semiconductor industries.
The region is also appealing for data centers, especially those needing low latency, thanks to cross-Pacific subsea cables, adds the analysts.&nbsp;&nbsp;
The analysts say that with industrial customers, who make up about 30% of the total load and are growing at 7.5%, POR&#8217;s overall load growth is robust.
The analysts write that recent updates to POR&#8217;s power cost recovery mechanism have improved earnings by reducing exposure to volatile costs and cutting regulatory lag with renewable trackers.
They further add that the company is now aiming to enhance capital recovery further by including standalone batteries in the tracker and refining the investment recovery mechanism.
Portland General Electric is managing a larger RFP this time, seeking ~1-2 GW of capacity compared to 700 MW previously and the shortlist will be announced in August, with financial selection by year-end. The analysts expect a win rate above the 25% estimate, which could boost growth toward the higher end of the 5-7% range.
Portland expects to report second-quarter<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener"> FY24 results on July 26, 2024</a>.
Investors can gain exposure to the stock via&nbsp;Series Portfolios Trust InfraCap Small Cap Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCAP#NYSE">SCAP</a>) and VictoryShares US Small Cap High Div Volatility Wtd ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSB#NASDAQ">CSB</a>).
Price Action: POR shares are up 1.53% at $47.06 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Joe from Pixabay

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Mid Cap

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SCAP

Portland General Electric's Data Centers, Industry Growth Fuel Stock Upgrade

Barclays analyst Nicholas Campanella maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Overweight and raises the price target from $44 to $48.

Barclays Maintains Overweight on Portland Gen Electric, Raises Price Target to $48

Keybanc analyst Sophie Karp upgrades Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) from Sector Weight to Overweight.

Keybanc Upgrades Portland Gen Electric to Overweight

Investors generally tend to cling to the price-to-earnings (P/E) metric while looking for bargain stocks. In addition to being a widely used tool for screening stocks, P/E is also a popular metric to work out the fair market value of a company. But even this ubiquitously used valuation multiple has a few limitations. 
Although P/E is by far the most popular equity valuation ratio, a more complicated metric called EV/EBITDA does a better job of valuing a firm. Often viewed as a better substitute to P/E, this ratio offers a clearer picture of a company&#39;s valuation and its earnings potential. 
Navios Maritime Partners L.P. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nmm#NYSE">NMM</a>), Costamare Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmre#NYSE">CMRE</a>), The ODP Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odp#NASDAQ">ODP</a>), ADT Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adt#NYSE">ADT</a>) and Portland General Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/por#NYSE">POR</a>) are some stocks with impressive EV-to-EBITDA ratios.
<h3>Is EV-to-EBITDA a Better Substitute to P/E?</h3>
EV-to-EBITDA is essentially the enterprise value of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company&#39;s market capitalization, its debt and preferred stock minus cash and cash equivalents. 
EBITDA, the other component of the multiple, gives a better idea of a company&#39;s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows. 
Just like P/E, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued. 
EV-to-EBITDA takes into account the debt on a company&#39;s balance sheet that the P/E ratio does not. Due to this reason, EV-to-EBITDA is generally used to value the potential acquisition targets as it shows the amount of debt the acquirer has to assume. Stocks boasting a low EV-to-EBITDA multiple could be seen as attractive takeover candidates. 
Another shortcoming of P/E is that it can&#39;t be used to value a loss-making firm. A company&#39;s earnings are also subject to accounting estimates and management manipulation. On the other hand, EV-to-EBITDA is difficult to manipulate and can also be used to value loss-making but EBITDA-positive companies. 
EV-to-EBITDA is also a useful tool in measuring the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt. 
However, EV-to-EBITDA is not devoid of shortcomings and alone cannot conclusively determine a stock&#39;s inherent potential and future performance. The multiple varies across industries and is usually not appropriate while comparing stocks in different industries, given their diverse capital expenditure requirements. 
A strategy solely based on EV-to-EBITDA might not yield the desired results. However, you can club it with the other major ratios in your stock-investing toolbox, such as price-to-book (P/B), P/E and price-to-sales (P/S) to screen value stocks.
<h3>Screening Criteria</h3>
Here are the parameters to screen for value stocks: 
EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median: A lower EV-to-EBITDA ratio represents a cheaper valuation. 
P/E using (F1) less than X-Industry Median: This metric screens stocks that are trading at a discount to their peers. 
P/B less than X-Industry Median: A lower P/B compared with the industry average implies that the stock is undervalued. 
P/S less than X-Industry Median: The lower the P/S ratio, the more attractive the stock is, as investors will have to pay a smaller price for the same amount of sales generated by the company. 
Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median: This parameter will help in screening stocks that have growth rates higher than the industry median. 
Average 20-day Volume greater than or equal to 100,000: The addition of this metric ensures that shares can be traded easily. 
Current Price greater than or equal to $5: This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. 
Zacks Rank less than or equal to 2: It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. 
Value Score of less than or equal to B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential. 
Here are our five picks out of the 10 stocks that passed the screen: 
Navios Maritime Partners is an international owner and operator of dry cargo vessels. This Zacks Rank #1 stock has a Value Score of A. 
Navios Maritime Partners has an expected earnings growth rate of 22.1% for 2024. The Zacks Consensus Estimate for NMM&#39;s 2024 earnings has been revised 5.3% upward over the past 60 days. 
Costamare is a leading owner and provider of containerships and dry bulk vessels for charter. CMRE, a Zacks Rank #1 stock, has a Value Score of A. 
Costamare has an expected year-over-year earnings growth rate of 48.8% for 2024. The consensus estimate for CMRE&#39;s 2024 earnings has been revised 12% upward over the past 60 days.
ODP is one of the leading providers of business services and supplies, products and technology solutions to small, medium and enterprise businesses. This Zacks Rank #1 stock has a Value Score of A. 
ODP has an expected year-over-year earnings growth rate of 7.7% for 2024. The Zacks Consensus Estimate for the company&#39;s 2024 earnings has been revised 5.6% upward over the past 60 days. 
ADT provides security and automation solutions for homes and businesses, primarily in the United States and Canada. This Zacks Rank #2 stock has a Value Score of A. 
ADT has an expected year-over-year earnings growth rate of 37.3% for 2024. The Zacks Consensus Estimate for ADT&#39;s 2024 earnings has been stable over the last 60 days. 
Portland General Electric is a vertically integrated electric utility that is engaged in the generation, wholesale purchase and sale, transmission, distribution and retail sale of electricity to customers in Oregon. This Zacks Rank #2 stock has a Value Score of B. 
Portland General Electric has an expected earnings growth rate of 29.8% for 2024. The Zacks Consensus Estimate for POR&#39;s 2024 earnings has been revised 0.7% upward over the past 60 days. 
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. 
<a href="https://www.zacks.com/stock/news/2292700/5-value-stocks-with-exciting-ev-to-ebitda-ratios-to-snap-up?cid=CS-BENZ-FT-analyst_blog|rw-2292700">To read this article on Zacks.com click here.</a>

Small Cap

CMRE

5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up

<a href="https://www.axios.com/pro/climate-deals/2024/05/28/portland-utility-commits-stake-grid-united-transmission" title="https://www.axios.com/pro/climate-deals/2024/05/28/portland-utility-commits-stake-grid-united-transmission">https://www.axios.com/pro/climate-deals/2024/05/28/portland-utility-commits-stake-grid-united-transmission</a>

'Portland utility commits stake in $3.2B Grid United transmission project' - Axios

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Stifel cut the price target for Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) from $24 to $20. Stifel analyst Erik Rasmussen maintained a Buy rating. Spire Global shares fell 6.8% to close at $11.34 on Wednesday. <a href="https://www.benzinga.com/quote/SPIR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer boosted the price target for Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) from $215 to $245. Oppenheimer analyst Rick Schafer maintained an Outperform rating. Analog Devices shares rose 1.8% to close at $215.75 on Wednesday. <a href="https://www.benzinga.com/quote/ADI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs cut Sagimet Biosciences Inc.. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMT#NASDAQ">SGMT</a>) price target from $27 to $23. Goldman Sachs analyst Andrea Tan maintained a Buy rating. Sagimet Biosciences shares rose 5.5% to close at $4.62 on Wednesday. <a href="https://www.benzinga.com/quote/SGMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. slashed the price target for Fate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATE#NASDAQ">FATE</a>) from $7 to $5. HC Wainwright &amp; Co. analyst Raghuram Selvaraju maintained a Neutral rating. Fate Therapeutics shares gained 0.5% to close at $4.24 on Wednesday. <a href="https://www.benzinga.com/quote/FATE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) price target from $372 to $345. Baird analyst David Koning maintained a Neutral rating. Accenture shares gained 0.5% to close at $308.52 on Wednesday. <a href="https://www.benzinga.com/quote/ACN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham boosted Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) price target from $352 to $370. Needham analyst James Ricchiuti maintained a Buy rating. Zebra Technologies shares rose 0.9% to close at $323.87 on Wednesday. <a href="https://www.benzinga.com/quote/ZBRA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho raised the price target for Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) from $42 to $45. Mizuho analyst Anthony Crowdell maintained a Neutral rating. Portland General Electric shares rose 0.8% to close at $44.64 on Wednesday. <a href="https://www.benzinga.com/quote/POR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) price target from $99 to $103. B of A Securities analyst Eddie Leung maintained a Buy rating. Alibaba shares gained 1.9% to close at $80.99 on Wednesday. <a href="https://www.benzinga.com/quote/BABA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) price target from $275 to $280. Keybanc analyst Jackson Ader maintained an Overweight rating. monday.com shares jumped 21.4% to close at $220.72 on Wednesday. <a href="https://www.benzinga.com/quote/MNDY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities cut Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) price target from $84 to $69. Truist Securities analyst Neal Dingmann downgraded the stock from Buy to Hold. Occidental Petroleum shares climbed 0.5% to close at $63.38 on Wednesday. <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38869663/wall-streets-most-accurate-analysts-say-hold-these-3-real-estate-stocks-delivering-high-dividend-yie">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Real Estate Stocks Delivering High-Dividend Yields</a>

BABA

FATE

MNDY

SGMT

SPIR

ZBRA

Alibaba To Rally Over 13%? Here Are 10 Top Analyst Forecasts For Thursday

Mizuho analyst Anthony Crowdell maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Neutral and raises the price target from $42 to $45.

Mizuho Maintains Neutral on Portland Gen Electric, Raises Price Target to $45

Reports Q3 revenue $929M, consensus $859.77M. "Our focus on operational excellence, as well as improved power cost conditions across the West, unde...

Portland General Electric reports Q3 EPS 90c, consensus 87c

Consensus $3.08. Sees FY24 capital expenditures $1.29B. Sees FY24 effective tax rate 10%-15%. Published first on TheFly – the ultimate source for r...

Portland General Electric narrows FY24 EPS view to $3.08-$3.18 from $2.98-$3.18

Portland General Electric GAAP EPS of $0.90 beats by $0.01, revenue of $929M beats by $42.29M

Portland GE ( ($POR) ) has issued an announcement. Portland General Electric (PGE) reported a significant boost in third-quarter 2024 net income, d...

Portland GE Reports Strong Q3 2024 Earnings Boost

Portland General Electric Company 2024 Q3 - Results - Earnings Call Presentation

Portland General Electric Company (POR) Q3 2024 Earnings Call Transcript

Wells Fargo analyst Sarah Akers maintained a Hold rating on Portland GE (POR – Research Report) yesterday and set a price target of $51.00. Sarah A...

Balanced Outlook Amid Strong Performance and Future Uncertainties for Portland General Electric

Wells Fargo analyst Sarah Akers raised the firm's price target on Portland General Electric (POR) to $51 from $49 on Friday, citing higher peer mul...

Portland General Electric price target raised to $51 from $49 at Wells Fargo

Evercore ISI analyst Michael Lonegan maintained a Buy rating on Portland GE (POR – Research Report) today and set a price target of $54.00. The com...

Evercore ISI Sticks to Their Buy Rating for Portland GE (POR)

Barclays lowered the firm's price target on Portland General Electric (POR) to $48 from $49 and keeps an Equal Weight rating on the shares. Publish...

Portland General Electric price target lowered to $48 from $49 at Barclays

Commodities

Press Releases

Portland General Electric schedules earnings release and conference call for Friday, April 26

Portland General Electric declares dividend

Portland General Electric Announces First Quarter 2024 Results

PGE joins Grid United and ALLETE in 3,000 megawatt east-west transmission line

Portland General Electric schedules earnings release and conference call for Friday, July 26

Portland General Electric Announces Second Quarter 2024 Results

Portland General Electric schedules earnings release and conference call for Friday, October 25

Portland General Electric Announces Third Quarter 2024 Results

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Centrais Electricas Brasileiras S.A. Sponsored ADS representing Pfd Shares

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Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing one Unit consisting one Common Share and four non-voting Class B Preferred Shares)

Cia Paranaense De Energia

Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing four (4) Common Shares)

Enel Chile S.A. American Depositary Shares (Each representing 50 shares of Common Stock)

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