CENT PUERTO S A/S (NYSE:CEPU) Downgraded to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of CENT PUERTO S A/S (NYSE:CEPU) from an overweight rating to a neutral rating in a report released on Thursday, BenzingaRatingsTable reports.

Several other research analysts also recently issued reports on the stock. Bank of America downgraded shares of CENT PUERTO S A/S from a neutral rating to an underperform rating and lowered their price objective for the stock from $20.00 to $7.50 in a research report on Tuesday, August 13th. Morgan Stanley downgraded shares of CENT PUERTO S A/S from an overweight rating to an equal weight rating in a research report on Tuesday, August 13th. ValuEngine raised shares of CENT PUERTO S A/S from a sell rating to a hold rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of CENT PUERTO S A/S from a hold rating to a strong sell rating in a report on Tuesday, June 18th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. CENT PUERTO S A/S has an average rating of Hold and a consensus price target of $8.75.

Shares of CENT PUERTO S A/S stock opened at $3.85 on Thursday. CENT PUERTO S A/S has a 1 year low of $3.31 and a 1 year high of $12.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.15 and a current ratio of 1.20. The company has a market capitalization of $593.50 million, a P/E ratio of 0.95 and a beta of 0.64. The company’s fifty day moving average is $8.59 and its two-hundred day moving average is $8.95.

Several large investors have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of CENT PUERTO S A/S by 55.2% in the first quarter. FMR LLC now owns 2,331,828 shares of the company’s stock valued at $21,429,000 after acquiring an additional 829,823 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of CENT PUERTO S A/S by 562.4% in the second 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 in the last quarter. Bienville Capital Management LLC purchased a new stake in shares of CENT PUERTO S A/S in the first quarter valued at about $3,046,000. 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. Finally, Northern Trust Corp purchased a new stake in shares of CENT PUERTO S A/S in the second quarter valued at about $1,460,000. 6.86% of the stock is currently owned by institutional investors and hedge funds.

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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