Central Puerto (NYSE:CEPU) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• Central Puerto was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, while Weiss Ratings reiterated a "sell (d+)" rating on the stock.
• The company's stock price opened at $8.44, with a 12-month high of $16.60 and a low of $7.43.
• In the 2nd quarter, MIRAE ASSET GLOBAL ETFS raised its stake in Central Puerto by 14.8%, highlighting institutional interest despite the downgrade in ratings.

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

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Central Puerto in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Central Puerto currently has an average rating of "Sell".

Central Puerto Price Performance

CEPU stock opened at $8.44 on Friday. The firm has a 50 day moving average of $9.86 and a 200-day moving average of $11.08. Central Puerto has a 12-month low of $7.43 and a 12-month high of $16.60. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 8.61 and a beta of 1.07.

Central Puerto (NYSE:CEPU - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.48 earnings per share (EPS) for the quarter. Central Puerto had a net margin of 21.30% and a return on equity of 11.81%. The company had revenue of $179.60 million during the quarter. As a group, equities analysts expect that Central Puerto will post 0.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Central Puerto by 14.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,782,883 shares of the company's stock valued at $32,504,000 after purchasing an additional 359,121 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of Central Puerto in the 1st quarter valued at about $1,996,000. Fourth Sail Capital LP acquired a new stake in shares of Central Puerto in the 2nd quarter valued at about $1,736,000. Hsbc Holdings PLC raised its stake in shares of Central Puerto by 16.7% in the 1st quarter. Hsbc Holdings PLC now owns 125,136 shares of the company's stock valued at $1,405,000 after purchasing an additional 17,904 shares in the last quarter. Finally, Ping Capital Management Inc. raised its stake in shares of Central Puerto by 29.3% in the 2nd quarter. Ping Capital Management Inc. now owns 119,000 shares of the company's stock valued at $1,390,000 after purchasing an additional 27,000 shares in the last quarter. Institutional investors and hedge funds own 2.97% of the company's stock.

About Central Puerto

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.

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