CENT PUERTO S A/S (NYSE:CEPU) Downgraded to Equal Weight at Morgan Stanley

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Morgan Stanley cut shares of CENT PUERTO S A/S (NYSE:CEPU) from an overweight rating to an equal weight rating in a research report report published on Tuesday, BenzingaRatingsTable reports.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered CENT PUERTO S A/S from a hold rating to a strong sell rating in a research note on Tuesday, June 18th. ValuEngine upgraded CENT PUERTO S A/S from a sell rating to a hold rating in a research note on Thursday, August 1st. Finally, Bank of America lowered 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.

Shares of CEPU stock opened at $3.74 on Tuesday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 0.92 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 1.15. The stock has a fifty day moving average price of $8.89. CENT PUERTO S A/S has a 1 year low of $3.60 and a 1 year high of $12.75.

CENT PUERTO S A/S (NYSE:CEPU) last released its quarterly earnings data 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). The company had revenue of $160.31 million for the quarter, compared to analysts’ expectations of $89.90 million. CENT PUERTO S A/S had a net margin of 47.31% and a return on equity of 30.42%. Equities analysts predict that CENT PUERTO S A/S will post 1.3 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Deltec Asset Management LLC increased its stake in shares of CENT PUERTO S A/S by 248.2% in the 2nd quarter. Deltec Asset Management LLC now owns 38,300 shares of the company’s stock valued at $355,000 after purchasing an additional 27,300 shares in the last quarter. Bienville Capital Management LLC purchased a new position in shares of CENT PUERTO S A/S in the 1st quarter valued at about $3,046,000. Millennium Management LLC increased its stake in shares of CENT PUERTO S A/S by 66.6% in the 4th quarter. Millennium Management LLC now owns 179,076 shares of the company’s stock valued at $1,647,000 after purchasing an additional 71,615 shares in the last quarter. Marshall Wace LLP acquired a new stake in CENT PUERTO S A/S in the 1st quarter worth about $926,000. Finally, Legal & General Group Plc boosted its holdings in CENT PUERTO S A/S by 211.2% in the 4th quarter. Legal & General Group Plc now owns 55,966 shares of the company’s stock worth $515,000 after buying an additional 37,984 shares during the last quarter. Hedge funds and other institutional investors own 6.86% 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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