CENT PUERTO S A/S (NYSE:CEPU) Stock Price Up 9.1%

CENT PUERTO S A/S (NYSE:CEPU)’s share price was up 9.1% on Wednesday . The stock traded as high as $3.50 and last traded at $3.49, approximately 554,800 shares traded hands during trading. An increase of 54% from the average daily volume of 360,856 shares. The stock had previously closed at $3.20.

A number of research firms recently weighed in on CEPU. 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. Zacks Investment Research lowered shares of CENT PUERTO S A/S from a “hold” rating to a “sell” rating in a research report on Wednesday. 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 downgraded CENT PUERTO S A/S from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $20.00 to $7.50 in a report on Tuesday, August 13th. Finally, Morgan Stanley lowered CENT PUERTO S A/S from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. CENT PUERTO S A/S has a consensus rating of “Hold” and a consensus price target of $8.75.

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The company has a 50 day moving average of $3.08 and a 200 day moving average of $5.94. The firm has a market cap of $479.94 million, a price-to-earnings ratio of 0.86 and a beta of 1.15. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.54.

Institutional investors have recently added to or reduced their stakes in the business. Pictet Asset Management Ltd. bought a new position in shares of CENT PUERTO S A/S during the second quarter valued at $36,000. Ellington Management Group LLC acquired a new stake in shares of CENT PUERTO S A/S during the 2nd quarter worth about $98,000. Virginia Retirement Systems ET AL acquired a new stake in shares of CENT PUERTO S A/S during the 2nd quarter worth about $106,000. Creative Planning bought a new position in CENT PUERTO S A/S during the 2nd quarter valued at about $131,000. Finally, Deltec Asset Management LLC lifted its holdings in CENT PUERTO S A/S by 19.6% during the 3rd quarter. Deltec Asset Management LLC now owns 45,800 shares of the company’s stock valued at $135,000 after purchasing an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 7.82% of the company’s stock.

CENT PUERTO S A/S Company Profile (NYSE:CEPU)

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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