Zacks: CENT PUERTO S A/S (NYSE:CEPU) Given $16.83 Average Target Price by Analysts

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

Brokers have set a twelve-month consensus target price of $16.83 for the company and are forecasting that the company will post $0.75 earnings per share for the current quarter, according to Zacks. Zacks has also given CENT PUERTO S A/S an industry rank of 170 out of 256 based on the ratings given to its competitors.

Several research firms have commented on CEPU. Zacks Investment Research raised shares of CENT PUERTO S A/S from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. ValuEngine raised shares of CENT PUERTO S A/S from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.

Institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of 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 valued at $21,429,000 after purchasing an additional 829,823 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in CENT PUERTO S A/S by 7,720.1% during the 1st quarter. Marshall Wace North America L.P. now owns 93,841 shares of the company’s stock worth $862,000 after acquiring an additional 92,641 shares in the last quarter. Marshall Wace LLP acquired a new position in CENT PUERTO S A/S during the 1st quarter worth about $926,000. Bienville Capital Management LLC acquired a new position in CENT PUERTO S A/S during the 1st quarter worth about $3,046,000. Finally, Fort Sheridan Advisors LLC lifted its stake in CENT PUERTO S A/S by 75.8% during the 1st 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 in the last quarter. Institutional investors own 6.97% of the company’s stock.

Shares of CEPU stock traded up $0.17 during trading hours on Friday, reaching $9.27. The stock had a trading volume of 236,418 shares, compared to its average volume of 293,723. CENT PUERTO S A/S has a 12 month low of $7.01 and a 12 month high of $12.75. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 2.28 and a beta of 0.34. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $8.25.

CENT PUERTO S A/S (NYSE:CEPU) last announced its earnings results on Monday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $160.31 million for the quarter, compared to the consensus estimate of $89.90 million. As a group, equities analysts expect that CENT PUERTO S A/S will post 1.96 EPS for the current fiscal 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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