Central Puerto (NYSE:CEPU) Stock Rating Upgraded by Wall Street Zen

Key Points

• Central Puerto has been upgraded to a "strong-buy" rating by Wall Street Zen, reflecting increased confidence from analysts in the company's future performance.
• The stock opened at $12.11 and has experienced significant fluctuations over the past year, with a 12-month low of $7.07 and a high of $16.60.
• In the latest quarterly earnings report, Central Puerto posted $0.50 EPS with a revenue of $196 million, indicating solid financial performance.

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

Central Puerto Trading Up 2.3%

Shares of Central Puerto stock traded up $0.28 during midday trading on Friday, reaching $12.29. The company had a trading volume of 174,744 shares, compared to its average volume of 298,115. The stock has a fifty day moving average price of $12.02 and a 200 day moving average price of $12.14. Central Puerto has a fifty-two week low of $7.68 and a fifty-two week high of $16.60. The firm has a market cap of $1.86 billion, a PE ratio of 22.35 and a beta of 1.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.23 and a quick ratio of 1.13.

Central Puerto (NYSE:CEPU - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.50 EPS for the quarter. Central Puerto had a net margin of 12.69% and a return on equity of 8.93%. The company had revenue of $196.00 million for the quarter. On average, equities analysts anticipate that Central Puerto will post 0.63 earnings per share for the current year.

Institutional Investors Weigh In On Central Puerto

A number of hedge funds have recently added to or reduced their stakes in CEPU. Invesco Ltd. increased its stake in Central Puerto by 60.7% in the fourth quarter. Invesco Ltd. now owns 24,949 shares of the company's stock valued at $362,000 after purchasing an additional 9,422 shares in the last quarter. Mirabella Financial Services LLP grew its position in Central Puerto by 259.1% in the 4th quarter. Mirabella Financial Services LLP now owns 90,088 shares of the company's stock valued at $1,305,000 after purchasing an additional 65,000 shares during the period. Jane Street Group LLC acquired a new position in Central Puerto during the fourth quarter worth $405,000. Bosun Asset Management LLC acquired a new position in shares of Central Puerto during the fourth quarter valued at about $666,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Central Puerto by 84.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,283,463 shares of the company's stock valued at $33,087,000 after buying an additional 1,047,490 shares during the last quarter. 2.97% of the stock is currently owned by institutional investors.

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.