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

Key Points

• Wall Street Zen downgraded Central Puerto from “strong buy” to “buy,” while Weiss Ratings raised its assessment from “hold (c-)” to “hold (c).” The stock’s overall consensus rating remains “Moderate Buy,” with a $17.50 target price.
• Central Puerto shares opened at $12.97, with a market capitalization of approximately $1.96 billion and a price-to-earnings ratio of 4.32. The stock has traded between $7.43 and $18.50 over the past year.
• Institutional ownership stands at 2.97%, with several hedge funds recently initiating positions, including Arrowstreet Capital, Balyasny Asset Management and Brooklyn Investment Group.

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

Separately, Weiss Ratings upgraded shares of Central Puerto from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.50.

Central Puerto Trading Up 0.6%

Central Puerto stock opened at $12.97 on Friday. Central Puerto has a 12 month low of $7.43 and a 12 month high of $18.50. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 4.32 and a beta of 0.85. The business's fifty day simple moving average is $14.54 and its two-hundred day simple moving average is $15.05. The company has a current ratio of 1.28, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. purchased a new stake in Central Puerto in the first quarter worth approximately $41,000. Van ECK Associates Corp purchased a new stake in Central Puerto during the 3rd quarter valued at $60,000. Brooklyn Investment Group bought a new position in shares of Central Puerto during the 4th quarter valued at $174,000. Balyasny Asset Management L.P. purchased a new position in shares of Central Puerto in the 4th quarter worth $202,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Central Puerto in the 1st quarter worth $271,000. 2.97% of the stock is owned by hedge funds and other institutional investors.

About Central Puerto

Central Puerto SA NYSE: CEPU is Argentina's leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company's thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina's clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.

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