Zacks: CENT PUERTO S A/S (NYSE:CEPU) Given Consensus Recommendation of “Strong Buy” by Brokerages

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

Analysts have set a 1 year consensus price target of $16.83 for the company, according to Zacks. Zacks has also given CENT PUERTO S A/S an industry rank of 190 out of 256 based on the ratings given to its competitors.

CEPU has been the subject of several research analyst reports. Zacks Investment Research upgraded HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. ValuEngine upgraded VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CENT PUERTO S A/S by 3.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 196,333 shares of the company’s stock valued at $1,806,000 after purchasing an additional 6,103 shares during the period. Fort Sheridan Advisors LLC grew its position in shares of CENT PUERTO S A/S by 75.8% in the 1st quarter. Fort Sheridan Advisors LLC now owns 24,377 shares of the company’s stock valued at $224,000 after purchasing an additional 10,511 shares during the period. Deltec Asset Management LLC acquired a new position in shares of CENT PUERTO S A/S in the 1st quarter valued at approximately $101,000. Susquehanna Fundamental Investments LLC grew its position in shares of CENT PUERTO S A/S by 51.0% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 43,514 shares of the company’s stock valued at $400,000 after purchasing an additional 14,700 shares during the period. Finally, Alpine Global Management LLC acquired a new position in shares of CENT PUERTO S A/S in the 1st quarter valued at approximately $152,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

Shares of CENT PUERTO S A/S stock traded down $0.06 during trading on Friday, hitting $9.83. 162,863 shares of the company were exchanged, compared to its average volume of 277,944. 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 stock has a fifty day moving average price of $8.62. CENT PUERTO S A/S has a 1-year low of $7.01 and a 1-year high of $12.75. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 2.42 and a beta of 0.64.

CENT PUERTO S A/S (NYSE:CEPU) last issued its quarterly earnings data on Monday, May 13th. The company reported $0.21 earnings per share (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. Sell-side analysts predict that CENT PUERTO S A/S will post 1.96 EPS for the current year.

CENT PUERTO S A/S Company Profile

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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