Brokerages Set $11.75 Price Target for CENT PUERTO S A/S (NYSE:CEPU)

CENT PUERTO S A/S (NYSE:CEPU) has received an average broker rating score of 3.33 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and two have assigned a hold rating to the company.

Brokerages have set a twelve-month consensus price target of $11.75 for the company and are predicting that the company will post $1.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CENT PUERTO S A/S an industry rank of 107 out of 255 based on the ratings given to its competitors.

CEPU has been the topic of several research analyst reports. ValuEngine raised shares of CENT PUERTO S A/S from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Morgan Stanley cut shares of CENT PUERTO S A/S from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. cut shares of CENT PUERTO S A/S from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 15th. Bank of America cut shares of CENT PUERTO S A/S from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $20.00 to $7.50 in a research note on Tuesday, August 13th. Finally, Zacks Investment Research raised shares of CENT PUERTO S A/S from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th.

CENT PUERTO S A/S stock traded down $0.09 during trading hours on Tuesday, hitting $3.25. 153,823 shares of the company traded hands, compared to its average volume of 365,577. The firm has a market cap of $495.08 million, a P/E ratio of 0.80 and a beta of 1.15. The company has a quick ratio of 1.17, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $3.02 and its two-hundred day simple moving average is $6.19. CENT PUERTO S A/S has a 1-year low of $2.52 and a 1-year high of $11.37.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atria Investments LLC acquired a new position in shares of CENT PUERTO S A/S in the 2nd quarter worth approximately $320,000. Deltec Asset Management LLC grew its stake in shares of CENT PUERTO S A/S by 19.6% in the 3rd quarter. Deltec Asset Management LLC now owns 45,800 shares of the company’s stock worth $135,000 after purchasing an additional 7,500 shares during the last quarter. Ellington Management Group LLC acquired a new position in shares of CENT PUERTO S A/S in the 2nd quarter worth approximately $98,000. Virginia Retirement Systems ET AL acquired a new position in shares of CENT PUERTO S A/S in the 2nd quarter worth approximately $106,000. Finally, Invesco Ltd. grew its stake in shares of CENT PUERTO S A/S by 89.1% in the 2nd quarter. Invesco Ltd. now owns 27,265 shares of the company’s stock worth $253,000 after purchasing an additional 12,843 shares during the last quarter. 7.95% 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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