Central Puerto (NYSE:CEPU) Price Target Lowered to $28.00 at Bank of America

Key Points

• Bank of America lowered Central Puerto’s price target from $29 to $28 while maintaining a “buy” rating, implying approximately 94% upside from the stock’s reported $14.43 price.
• Central Puerto shares rose 5.7% to $14.43 during Thursday trading. The company has a $2.18 billion market capitalization, a 4.81 P/E ratio, and a 12-month trading range of $7.43 to $18.50.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average target price of $22.75; institutional investors own about 2.97% of the company.

Central Puerto (NYSE:CEPU - Get Free Report) had its price objective reduced by research analysts at Bank of America from $29.00 to $28.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price would suggest a potential upside of 94.11% from the company's current price.

CEPU has been the topic of a number of other research reports. Wall Street Zen downgraded Central Puerto from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Central Puerto in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.75.

Central Puerto Trading Up 5.7%

Shares of NYSE:CEPU traded up $0.78 during trading on Thursday, reaching $14.43. 287,504 shares of the company were exchanged, compared to its average volume of 309,180. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.28 and a quick ratio of 1.19. The firm has a market capitalization of $2.18 billion, a PE ratio of 4.81 and a beta of 0.81. The business's fifty day simple moving average is $14.11 and its 200-day simple moving average is $14.79. Central Puerto has a 12-month low of $7.43 and a 12-month high of $18.50.

Institutional Trading of Central Puerto

Several large investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new position in shares of Central Puerto in 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 purchased a new position in Central Puerto in the 1st quarter worth $271,000. Banco BTG Pactual S.A. purchased a new position in Central Puerto in the 4th quarter worth $476,000. Finally, Walleye Capital LLC acquired a new stake in Central Puerto during the 1st quarter worth about $1,349,000. Hedge funds and other institutional investors own 2.97% of the company's stock.

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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