Central Puerto (NYSE:CEPU) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Central Puerto from “buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $22.75.
• Central Puerto shares opened at $13.50 after falling 6.7%; the company has a $2.04 billion market capitalization, a 4.50 price-to-earnings ratio, and a 52-week range of $7.43 to $18.50.
• Institutional ownership remains limited at 2.97%, although several investment firms recently initiated positions in the Argentina-based electric power generator.

Central Puerto (NYSE:CEPU - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

CEPU has been the topic of several other reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Central Puerto in a research report on Wednesday, August 26th. Bank of America reduced their price objective on shares of Central Puerto from $29.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Central Puerto Stock Down 6.7%

CEPU opened at $13.50 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.28. The company has a market capitalization of $2.04 billion, a PE ratio of 4.50 and a beta of 0.81. The stock's fifty day moving average is $14.07 and its 200-day moving average is $14.77. Central Puerto has a one year low of $7.43 and a one year high of $18.50.

Institutional Investors Weigh In On Central Puerto

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. acquired a new stake in shares of Central Puerto during the first quarter worth $41,000. Tidal Investments LLC acquired a new position in shares of Central Puerto in the 2nd quarter valued at $159,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Central Puerto in the 1st quarter valued at $271,000. Banco BTG Pactual S.A. purchased a new position in Central Puerto in the 4th quarter worth about $476,000. Finally, Walleye Capital LLC purchased a new position in Central Puerto in the 1st quarter worth about $1,349,000. 2.97% of the stock is owned by institutional investors.

Central Puerto Company Profile

Central Puerto SA is an Argentina-based electric power generation company whose American depositary shares trade on the New York Stock Exchange under the symbol CEPU. The company develops, owns, and operates power-generation facilities that supply electricity to Argentina's interconnected power system.

Its generation portfolio includes thermal power plants, which primarily use natural gas and other fuels, as well as hydroelectric and renewable-energy assets. Central Puerto also develops and invests in new generation projects, including wind and solar facilities, to support the diversification of Argentina's electricity supply.

Central Puerto was established in 1989 during the privatization and restructuring of Argentina's electricity sector.

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