Zacks: Brokerages Set $16.83 Target Price for CENT PUERTO S A/S (NYSE:CEPU)

CENT PUERTO S A/S (NYSE:CEPU) has received an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Analysts have set a 12 month consensus price objective of $16.83 for the company, according to Zacks. Zacks has also assigned CENT PUERTO S A/S an industry rank of 198 out of 256 based on the ratings given to its competitors.

Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of CENT PUERTO S A/S from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 18th. ValuEngine upgraded shares of CENT PUERTO S A/S from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Shares of CEPU stock traded down $5.01 on Monday, hitting $3.95. The company’s stock had a trading volume of 4,073,674 shares, compared to its average volume of 286,981. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 1.15. The business has a 50 day simple moving average of $8.99. CENT PUERTO S A/S has a fifty-two week low of $7.01 and a fifty-two week high of $12.75. The company has a market cap of $1.27 billion, a P/E ratio of 0.97 and a beta of 0.64.

CENT PUERTO S A/S (NYSE:CEPU) last released its quarterly earnings results on Monday, May 13th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.13). CENT PUERTO S A/S had a net margin of 47.31% and a return on equity of 30.42%. The business had revenue of $160.31 million during the quarter, compared to analyst estimates of $89.90 million. On average, sell-side analysts anticipate that CENT PUERTO S A/S will post 1.3 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atria Investments LLC bought a new stake in CENT PUERTO S A/S during the second quarter worth about $320,000. Fort Sheridan Advisors LLC lifted its holdings in shares of CENT PUERTO S A/S by 75.8% in the first quarter. Fort Sheridan Advisors LLC now owns 24,377 shares of the company’s stock worth $224,000 after acquiring an additional 10,511 shares during the last quarter. Deltec Asset Management LLC bought a new position in shares of CENT PUERTO S A/S in the first quarter worth about $101,000. Virginia Retirement Systems ET AL bought a new position in shares of CENT PUERTO S A/S in the second quarter worth about $106,000. Finally, Creative Planning bought a new position in shares of CENT PUERTO S A/S in the second quarter worth about $131,000. 6.99% of the stock is owned by institutional investors and hedge funds.

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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