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

Wall Street Zen upgraded shares of Central Puerto (NYSE:CEPU - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

Central Puerto Trading Up 0.2%

Central Puerto stock traded up $0.02 during midday trading on Friday, reaching $13.52. The stock had a trading volume of 273,001 shares, compared to its average volume of 320,173. Central Puerto has a twelve month low of $7.07 and a twelve month high of $16.60. The stock has a market capitalization of $2.05 billion, a PE ratio of 5.30 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13. The stock's 50-day simple moving average is $11.56 and its 200 day simple moving average is $12.92.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.50 earnings per share for the quarter. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The firm had revenue of $196.00 million for the quarter. Analysts expect that Central Puerto will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in Central Puerto in the first quarter valued at about $53,000. Virtu Financial LLC purchased a new position in Central Puerto in the first quarter valued at about $170,000. Tidal Investments LLC purchased a new position in Central Puerto in the fourth quarter valued at about $176,000. Insigneo Advisory Services LLC purchased a new position in Central Puerto in the first quarter valued at about $200,000. Finally, NewEdge Advisors LLC raised its position in Central Puerto by 4,431.2% in the first quarter. NewEdge Advisors LLC now owns 30,540 shares of the company's stock valued at $339,000 after purchasing an additional 29,866 shares during the period. Institutional investors and hedge funds own 2.97% of the company's stock.

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.