CENT PUERTO S A/S (NYSE:CEPU) Cut to “Hold” at ValuEngine

ValuEngine cut shares of CENT PUERTO S A/S (NYSE:CEPU) from a buy rating to a hold rating in a research report released on Tuesday, ValuEngine reports.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of CENT PUERTO S A/S from a hold rating to a sell rating in a research note on Wednesday, November 20th. Morgan Stanley lowered shares of CENT PUERTO S A/S from an overweight rating to an equal weight rating in a report on Tuesday, August 13th. 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 stock from $20.00 to $7.50 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 report on Thursday, August 15th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $8.75.

NYSE CEPU traded up $0.19 during trading hours on Tuesday, hitting $4.01. The company had a trading volume of 4,400 shares, compared to its average volume of 359,063. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.43 and a current ratio of 1.46. The firm has a market capitalization of $601.07 million, a price-to-earnings ratio of 0.99 and a beta of 1.35. CENT PUERTO S A/S has a 52 week low of $2.52 and a 52 week high of $11.37. The firm has a 50 day simple moving average of $3.29 and a 200 day simple moving average of $5.58.

CENT PUERTO S A/S (NYSE:CEPU) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.63). CENT PUERTO S A/S had a net margin of 3.88% and a return on equity of 3.06%. The company had revenue of $156.16 million for the quarter, compared to the consensus estimate of $168.74 million. On average, research analysts forecast that CENT PUERTO S A/S will post 1.39 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. FMR LLC increased its stake in CENT PUERTO S A/S by 55.2% in the 1st quarter. FMR LLC now owns 2,331,828 shares of the company’s stock worth $21,429,000 after acquiring an additional 829,823 shares during the last quarter. BlackRock Inc. boosted its position in shares of CENT PUERTO S A/S by 562.4% during the 2nd quarter. BlackRock Inc. now owns 2,204,439 shares of the company’s stock valued at $20,435,000 after acquiring an additional 1,871,626 shares during the last quarter. Provida Pension Fund Administrator purchased a new position in shares of CENT PUERTO S A/S during the second quarter worth about $2,750,000. State Street Corp grew its holdings in shares of CENT PUERTO S A/S by 10.7% during the third quarter. State Street Corp now owns 265,400 shares of the company’s stock worth $783,000 after purchasing an additional 25,600 shares in the last quarter. Finally, Northern Trust Corp bought a new position in shares of CENT PUERTO S A/S in the second quarter worth approximately $1,460,000. 5.28% of the stock is 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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