CENT PUERTO S A/S (NYSE:CEPU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Central Puerto SA is engaged in the power production. The Company focuses on the generation and commercialization of electric power. It facilities range includes thermoelectric power plants, hydroelectric power plants as well as cogeneration units. Central Puerto SA is based in BUENOS AIRES, Argentina. “

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of CENT PUERTO S A/S from an “overweight” rating to a “neutral” rating in a research note on Thursday. ValuEngine raised shares of CENT PUERTO S A/S from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley lowered shares of CENT PUERTO S A/S from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Finally, Bank of America lowered shares of CENT PUERTO S A/S from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $20.00 to $7.50 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $8.75.

NYSE CEPU traded up $0.46 on Thursday, reaching $3.92. The company’s stock had a trading volume of 1,229,100 shares, compared to its average volume of 345,033. CENT PUERTO S A/S has a twelve month low of $3.31 and a twelve month high of $12.75. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $595.39 million, a PE ratio of 0.96 and a beta of 0.64. The business has a 50 day moving average price of $8.79.

CENT PUERTO S A/S (NYSE:CEPU) last issued its quarterly earnings results on Monday, May 13th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.13). CENT PUERTO S A/S had a net margin of 20.64% and a return on equity of 13.85%. The business had revenue of $160.31 million during the quarter, compared to analyst estimates of $89.90 million. As a group, sell-side analysts anticipate that CENT PUERTO S A/S will post 1.3 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Atria Investments LLC purchased a new stake in shares of CENT PUERTO S A/S in the second quarter worth approximately $320,000. Fort Sheridan Advisors LLC increased its holdings in CENT PUERTO S A/S by 75.8% in the first quarter. Fort Sheridan Advisors LLC now owns 24,377 shares of the company’s stock worth $224,000 after buying an additional 10,511 shares during the last quarter. Ellington Management Group LLC acquired a new position in CENT PUERTO S A/S in the second quarter worth approximately $98,000. Deltec Asset Management LLC acquired a new position in CENT PUERTO S A/S in the first quarter worth approximately $101,000. Finally, Virginia Retirement Systems ET AL acquired a new position in CENT PUERTO S A/S in the second quarter worth approximately $106,000. 6.86% of the stock is 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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