Zacks: CENT PUERTO S A/S (CEPU) Given Average Rating of “Strong Buy” by Brokerages

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

Brokerages have set a 12 month consensus price target of $17.83 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given CENT PUERTO S A/S an industry rank of 71 out of 256 based on the ratings given to related companies.

Several research firms recently weighed in on CEPU. ValuEngine raised CENT PUERTO S A/S from a “strong sell” rating to a “sell” rating in a report on Friday, October 19th. Bank of America set a $20.00 price target on CENT PUERTO S A/S and gave the company a “buy” rating in a research note on Friday, September 14th. Finally, Zacks Investment Research downgraded CENT PUERTO S A/S from a “buy” rating to a “hold” rating in a report on Friday, November 16th.

NYSE CEPU traded up $0.16 during trading hours on Friday, hitting $10.10. 2,318 shares of the company traded hands, compared to its average volume of 206,016. CENT PUERTO S A/S has a twelve month low of $7.80 and a twelve month high of $19.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a market capitalization of $1.39 billion and a PE ratio of 6.95.

CENT PUERTO S A/S (NYSE:CEPU) last released its quarterly earnings data on Monday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.38). The firm had revenue of $112.58 million during the quarter, compared to the consensus estimate of $82.42 million. As a group, research analysts forecast that CENT PUERTO S A/S will post 4.11 EPS for the current year.

Large investors have recently made changes to their positions in the company. FMR LLC increased its position in CENT PUERTO S A/S by 58.1% in the 2nd quarter. FMR LLC now owns 2,211,030 shares of the company’s stock valued at $21,889,000 after buying an additional 812,470 shares in the last quarter. Citadel Advisors LLC bought a new stake in CENT PUERTO S A/S during the 2nd quarter worth approximately $538,000. Itau Unibanco Holding S.A. bought a new stake in CENT PUERTO S A/S during the 2nd quarter worth approximately $121,000. Dynamic Technology Lab Private Ltd bought a new stake in CENT PUERTO S A/S during the 2nd quarter worth approximately $443,000. Finally, Point72 Asset Management L.P. bought a new stake in CENT PUERTO S A/S during the 2nd quarter worth approximately $2,109,000. 5.78% 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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