CENT PUERTO S A/S (NYSE:CEPU) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday, ValuEngine reports.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley cut CENT PUERTO S A/S from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 13th. Bank of America cut CENT PUERTO S A/S from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $20.00 to $7.50 in a report on Tuesday, August 13th. JPMorgan Chase & Co. cut CENT PUERTO S A/S from an “overweight” rating to a “neutral” rating in a report on Thursday, August 15th. Finally, Zacks Investment Research cut CENT PUERTO S A/S from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.75.

CEPU opened at $3.83 on Tuesday. The stock has a market cap of $601.07 million, a P/E ratio of 0.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.43. The stock’s 50 day simple moving average is $3.25 and its 200 day simple moving average is $5.64. CENT PUERTO S A/S has a 1-year low of $2.52 and a 1-year high of $11.37.

CENT PUERTO S A/S (NYSE:CEPU) last released its quarterly earnings results on Monday, November 11th. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.63). The firm had revenue of $156.16 million during the quarter, compared to analyst estimates of $168.74 million. CENT PUERTO S A/S had a return on equity of 3.06% and a net margin of 3.88%. Research analysts expect that CENT PUERTO S A/S will post 1.39 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Pictet Asset Management Ltd. acquired a new stake in CENT PUERTO S A/S during the 2nd quarter valued at $36,000. Ellington Management Group LLC acquired a new stake in CENT PUERTO S A/S during the 2nd quarter valued at $98,000. Virginia Retirement Systems ET AL acquired a new stake in CENT PUERTO S A/S during the 2nd quarter valued at $106,000. Creative Planning acquired a new stake in CENT PUERTO S A/S during the 2nd quarter valued at $131,000. Finally, Deltec Asset Management LLC grew its holdings in CENT PUERTO S A/S by 19.6% during the 3rd quarter. Deltec Asset Management LLC now owns 45,800 shares of the company’s stock valued at $135,000 after buying an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

About CENT PUERTO S A/S

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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