CENT PUERTO S A/S (NYSE:CEPU) Lowered to “Strong Sell” at Zacks Investment Research

CENT PUERTO S A/S (NYSE:CEPU) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks.com reports.

According to Zacks, “Central Puerto SA is engaged in the power production. The Company focuses on the generation and commercialization of electric power. It facilities range includes thermoelectric power plants, hydroelectric power plants as well as cogeneration units. Central Puerto SA is based in BUENOS AIRES, Argentina. “

A number of other research firms also recently issued reports on CEPU. Bank of America downgraded shares of CENT PUERTO S A/S from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $20.00 to $7.50 in a research note on Tuesday, August 13th. ValuEngine raised shares of CENT PUERTO S A/S from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley downgraded shares of CENT PUERTO S A/S from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. downgraded shares of CENT PUERTO S A/S from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 15th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.75.

CEPU stock traded down $0.11 during trading on Monday, reaching $3.01. The company had a trading volume of 146,500 shares, compared to its average volume of 369,888. CENT PUERTO S A/S has a 52 week low of $2.52 and a 52 week high of $11.37. The company has a market cap of $487.51 million, a P/E ratio of 0.74 and a beta of 1.10. The business has a 50 day moving average of $3.07 and a 200 day moving average of $7.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 1.17.

CENT PUERTO S A/S (NYSE:CEPU) last released its quarterly earnings results on Monday, August 12th. The company reported $0.18 earnings per share (EPS) for the quarter. CENT PUERTO S A/S had a net margin of 20.64% and a return on equity of 13.79%. The company had revenue of $132.55 million during the quarter, compared to the consensus estimate of $137.29 million. Research analysts expect that CENT PUERTO S A/S will post 1.6 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Provida Pension Fund Administrator bought a new position in shares of CENT PUERTO S A/S during the second quarter valued at approximately $2,750,000. Atria Investments LLC bought a new position in shares of CENT PUERTO S A/S during the second quarter valued at approximately $320,000. Susquehanna Fundamental Investments LLC increased its stake in shares of CENT PUERTO S A/S by 266.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 84,600 shares of the company’s stock valued at $784,000 after purchasing an additional 61,501 shares in the last quarter. Pictet Asset Management Ltd. bought a new position in shares of CENT PUERTO S A/S during the second quarter valued at approximately $36,000. Finally, Paloma Partners Management Co increased its stake in shares of CENT PUERTO S A/S by 176.7% during the second quarter. Paloma Partners Management Co now owns 86,252 shares of the company’s stock valued at $800,000 after purchasing an additional 55,084 shares in the last quarter. 8.09% of the stock is owned by institutional investors and hedge funds.

CENT PUERTO S A/S Company Profile

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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