Central Puerto (NYSE:CEPU) Rating Increased to Strong-Buy at 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 note issued to investors on Sunday.

Central Puerto Stock Performance

CEPU stock traded up $0.34 on Friday, hitting $12.66. The company's stock had a trading volume of 82,922 shares, compared to its average volume of 297,252. The company has a current ratio of 1.23, a quick ratio of 1.13 and a debt-to-equity ratio of 0.09. Central Puerto has a 1 year low of $7.94 and a 1 year high of $16.60. The firm has a 50 day moving average of $11.99 and a two-hundred day moving average of $12.14. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 23.05 and a beta of 1.10.

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

Institutional Investors Weigh In On Central Puerto

Several hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC acquired a new position in Central Puerto in the 1st quarter worth $53,000. Virtu Financial LLC purchased a new stake in shares of Central Puerto during the first quarter worth about $170,000. Tidal Investments LLC acquired a new position in shares of Central Puerto in the fourth quarter worth about $176,000. Insigneo Advisory Services LLC bought a new stake in shares of Central Puerto in the first quarter worth $200,000. Finally, NewEdge Advisors LLC lifted its position in shares of Central Puerto by 4,431.2% during the first quarter. NewEdge Advisors LLC now owns 30,540 shares of the company's stock worth $339,000 after purchasing an additional 29,866 shares during the last quarter. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Central Puerto Company Profile

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.