Zacks: Brokerages Set $17.83 Price Target for Cent PUERTO S A/S (CEPU)

Cent PUERTO S A/S (NYSE:CEPU) has earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price objective of $17.83 for the company and are expecting that the company will post $1.59 EPS for the current quarter, according to Zacks. Zacks has also assigned Cent PUERTO S A/S an industry rank of 24 out of 257 based on the ratings given to related companies.

CEPU has been the subject of a number of research analyst reports. Bank of America set a $20.00 target price on Cent PUERTO S A/S and gave the company a “buy” rating in a report on Friday, September 14th. Zacks Investment Research upgraded Cent PUERTO S A/S from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, October 15th. Finally, ValuEngine upgraded Cent PUERTO S A/S from a “strong sell” rating to a “sell” rating in a report on Friday, October 19th.

Cent PUERTO S A/S stock traded up $0.16 during midday trading on Friday, reaching $10.70. 264,400 shares of the stock traded hands, compared to its average volume of 298,078. Cent PUERTO S A/S has a 12-month low of $7.80 and a 12-month high of $19.20. The stock has a market capitalization of $1.55 billion and a price-to-earnings ratio of 7.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.42 and a quick ratio of 1.39.

Cent PUERTO S A/S (NYSE:CEPU) last announced its earnings results on Tuesday, August 14th. The company reported $1.19 EPS for the quarter. The firm had revenue of $91.34 million for the quarter. Equities research analysts anticipate that Cent PUERTO S A/S will post 4.05 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new stake in Cent PUERTO S A/S in the 3rd quarter valued at about $199,000. Global X Management Co LLC acquired a new stake in Cent PUERTO S A/S in the 2nd quarter valued at about $2,400,000. Highland Capital Management LP raised its position in Cent PUERTO S A/S by 28.5% in the 2nd quarter. Highland Capital Management LP now owns 803,000 shares of the company’s stock valued at $7,950,000 after purchasing an additional 178,000 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Cent PUERTO S A/S in the 2nd quarter valued at about $2,109,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Cent PUERTO S A/S in the 2nd quarter valued at about $443,000. 5.44% of the stock is currently owned by institutional investors.

About Cent PUERTO S A/S

Central Puerto SA generates and sells electric power to private and public customers in Argentina. As of December 31, 2017, the company owned and operated five thermal generation plants and one hydroelectric generation plant with an installed capacity of 3,663 MW. It also operates a wind farm Achiras I with an installed capacity of 48 megawatts, as well as produces steam.

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