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

Key Points

• Wall Street Zen downgraded Central Puerto from a "strong-buy" rating to a "buy" rating, reflecting a shift in analyst sentiment.
• Central Puerto reported earnings of $0.50 EPS and a revenue of $196 million for the last quarter, with an anticipated EPS of $0.63 for the current fiscal year.
• Institutional investors have recently increased their holdings in Central Puerto, with Pictet Asset Management leading with a 1,204.3% increase in shares.

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 issued on Saturday.

Central Puerto Price Performance

CEPU traded up $0.58 during trading hours on Friday, hitting $12.77. The company's stock had a trading volume of 358,449 shares, compared to its average volume of 204,956. 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 12 month low of $7.07 and a 12 month high of $16.60. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 23.22 and a beta of 1.09. The business's 50-day moving average price is $12.14 and its 200-day moving average price is $12.20.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.50 earnings per share 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. Sell-side analysts expect that Central Puerto will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Preferred LLC bought a new position in Central Puerto in the 1st quarter valued at $53,000. Tidal Investments LLC acquired a new position in shares of Central Puerto in the fourth quarter valued at approximately $176,000. Virtu Financial LLC acquired a new stake in Central Puerto during the first quarter worth approximately $170,000. Insigneo Advisory Services LLC bought a new stake in Central Puerto during the first quarter worth $200,000. Finally, Invesco Ltd. lifted its stake in shares of Central Puerto by 60.7% in the 4th quarter. Invesco Ltd. now owns 24,949 shares of the company's stock valued at $362,000 after acquiring an additional 9,422 shares during the last quarter. 2.97% of the stock is owned by institutional investors and hedge funds.

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.