CENT PUERTO S A/S (NYSE:CEPU) Downgraded by Bank of America

Bank of America downgraded shares of CENT PUERTO S A/S (NYSE:CEPU) from a neutral rating to an underperform rating in a research note released on Tuesday morning, BenzingaRatingsTable reports. Bank of America currently has $7.50 target price on the stock, down from their prior target price of $20.00.

Several other research analysts also recently commented on the company. ValuEngine upgraded CENT PUERTO S A/S from a sell rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research cut CENT PUERTO S A/S from a hold rating to a strong sell rating in a report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $8.75.

Shares of NYSE CEPU opened at $4.03 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. CENT PUERTO S A/S has a 12 month low of $3.31 and a 12 month high of $12.75. The stock has a 50 day moving average of $8.69 and a 200-day moving average of $8.97. The company has a market capitalization of $566.24 million, a P/E ratio of 0.99 and a beta of 0.64.

CENT PUERTO S A/S (NYSE:CEPU) last issued its earnings results on Monday, May 13th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.13). CENT PUERTO S A/S had a return on equity of 13.85% and a net margin of 20.64%. The business had revenue of $160.31 million for the quarter, compared to the consensus estimate of $89.90 million. Analysts predict that CENT PUERTO S A/S will post 1.5 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in CEPU. Pictet Asset Management Ltd. acquired a new position in CENT PUERTO S A/S in the 2nd quarter valued at $36,000. Ellington Management Group LLC acquired a new position in CENT PUERTO S A/S in the 2nd quarter valued at $98,000. Deltec Asset Management LLC acquired a new position in CENT PUERTO S A/S in the 1st quarter valued at $101,000. Virginia Retirement Systems ET AL acquired a new position in CENT PUERTO S A/S in the 2nd quarter valued at $106,000. Finally, Creative Planning acquired a new position in CENT PUERTO S A/S in the 2nd quarter valued at $131,000. 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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