Central Puerto (NYSE:CEPU) Raised to Strong-Buy at Wall Street Zen

Key Points

• Central Puerto (NYSE:CEPU) has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen analysts.
• Despite the upgrade, Weiss Ratings maintains a "sell (d+)" rating on the stock, highlighting mixed opinions among analysts.
• As of the last trading session, Central Puerto's shares opened at $9.59, with a market capitalization of $1.45 billion and a price-to-earnings ratio of 9.78.

Central Puerto (NYSE:CEPU - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Sunday.

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Central Puerto in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

Central Puerto Trading Down 1.0%

Shares of CEPU stock opened at $9.59 on Friday. 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 stock's 50-day moving average price is $9.55 and its 200-day moving average price is $11.01. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 9.78 and a beta of 1.07.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Central Puerto by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,423,762 shares of the company's stock valued at $26,880,000 after buying an additional 140,299 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Central Puerto during the first quarter valued at approximately $688,000. Hsbc Holdings PLC boosted its position in shares of Central Puerto by 16.7% during the first quarter. Hsbc Holdings PLC now owns 125,136 shares of the company's stock valued at $1,405,000 after buying an additional 17,904 shares during the period. Banco BTG Pactual S.A. purchased a new position in shares of Central Puerto during the first quarter valued at approximately $1,996,000. Finally, Ping Capital Management Inc. boosted its position in shares of Central Puerto by 29.3% during the second quarter. Ping Capital Management Inc. now owns 119,000 shares of the company's stock valued at $1,390,000 after buying an additional 27,000 shares during the period. Hedge funds and other institutional investors 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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