Zacks: Analysts Set $16.83 Price Target for CENT PUERTO S A/S (NYSE:CEPU)

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

Brokers have set a twelve-month consensus target price of $16.83 for the company, according to Zacks. Zacks has also assigned CENT PUERTO S A/S an industry rank of 190 out of 256 based on the ratings given to related companies.

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

Shares of CENT PUERTO S A/S stock traded down $0.06 during trading on Friday, reaching $9.83. The company had a trading volume of 162,863 shares, compared to its average volume of 277,944. The firm has a market capitalization of $1.50 billion, a P/E ratio of 2.42 and a beta of 0.64. The firm’s fifty day simple moving average is $8.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.17. CENT PUERTO S A/S has a fifty-two week low of $7.01 and a fifty-two week high of $12.75.

CENT PUERTO S A/S (NYSE:CEPU) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $89.90 million. On average, equities analysts forecast that CENT PUERTO S A/S will post 1.96 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its position 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 purchasing an additional 829,823 shares during the last quarter. Bienville Capital Management LLC bought a new position in shares of CENT PUERTO S A/S in the first quarter valued at approximately $3,046,000. Canyon Capital Advisors LLC bought a new position in shares of CENT PUERTO S A/S in the fourth quarter valued at approximately $2,969,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CENT PUERTO S A/S by 3.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 196,333 shares of the company’s stock valued at $1,806,000 after acquiring an additional 6,103 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of CENT PUERTO S A/S by 66.6% in the fourth quarter. Millennium Management LLC now owns 179,076 shares of the company’s stock valued at $1,647,000 after acquiring an additional 71,615 shares in the last quarter. Hedge funds and other institutional investors own 6.97% of the company’s stock.

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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