Zacks: CENT PUERTO S A/S (CEPU) Given $17.83 Average Target Price by Brokerages

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

Brokerages have set a 1 year consensus price objective of $17.83 for the company and are forecasting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given CENT PUERTO S A/S an industry rank of 49 out of 256 based on the ratings given to related companies.

CEPU has been the topic of several recent research reports. Bank of America set a $20.00 price target on CENT PUERTO S A/S and gave the stock a “buy” rating in a report on Friday, September 14th. Zacks Investment Research upgraded CENT PUERTO S A/S from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, October 15th. Finally, ValuEngine upgraded CENT PUERTO S A/S from a “strong sell” rating to a “sell” rating in a report on Friday, October 19th.

Large investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new position in CENT PUERTO S A/S in the second quarter worth approximately $121,000. Legal & General Group Plc bought a new position in shares of CENT PUERTO S A/S in the third quarter valued at approximately $185,000. Janney Montgomery Scott LLC bought a new position in shares of CENT PUERTO S A/S in the third quarter valued at approximately $199,000. Eaton Vance Management lifted its holdings in shares of CENT PUERTO S A/S by 39.6% in the third quarter. Eaton Vance Management now owns 42,655 shares of the company’s stock valued at $439,000 after purchasing an additional 12,100 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of CENT PUERTO S A/S in the second quarter valued at approximately $443,000. Institutional investors and hedge funds own 5.78% of the company’s stock.

NYSE CEPU traded up $0.07 during trading hours on Friday, hitting $10.07. 110,348 shares of the company’s stock were exchanged, compared to its average volume of 193,550. CENT PUERTO S A/S has a 1-year low of $7.80 and a 1-year high of $19.20. The stock has a market capitalization of $1.50 billion and a P/E ratio of 7.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.17 and a quick ratio of 1.15.

CENT PUERTO S A/S (NYSE:CEPU) last announced its quarterly earnings results on Monday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.38). The business had revenue of $112.58 million during the quarter, compared to analyst estimates of $82.42 million. Equities analysts expect that CENT PUERTO S A/S will post 4.11 earnings per share 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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