Weiss Ratings Reiterates Sell (D+) Rating for Central Puerto (NYSE:CEPU)

Key Points

• Weiss Ratings has reiterated a Sell (D+) rating for Central Puerto (NYSE:CEPU), indicating continued concerns about the stock's performance.
• In contrast, Wall Street Zen upgraded Central Puerto from a buy to a strong-buy rating, showcasing differing opinions among analysts regarding the stock's potential.
• Central Puerto's stock recently traded at $7.94, with a market capitalization of $1.20 billion and a P/E ratio of 8.10, reflecting ongoing volatility in its price performance.

Central Puerto (NYSE:CEPU - Get Free Report)'s stock had its "sell (d+)" rating restated by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Central Puerto from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Central Puerto currently has an average rating of "Sell".

Central Puerto Price Performance

NYSE CEPU traded up $0.24 during trading on Wednesday, hitting $7.94. 248,227 shares of the stock traded hands, compared to its average volume of 454,843. The firm has a 50-day simple moving average of $10.00 and a 200-day simple moving average of $11.13. Central Puerto has a 12-month low of $7.43 and a 12-month high of $16.60. The company has a market capitalization of $1.20 billion, a P/E ratio of 8.10 and a beta of 1.07. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.09.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.48 EPS for the quarter. Central Puerto had a return on equity of 11.81% and a net margin of 21.30%.The firm had revenue of $179.60 million for the quarter. As a group, analysts predict that Central Puerto will post 0.63 EPS for the current year.

Institutional Trading of Central Puerto

Several hedge funds and other institutional investors have recently bought and sold shares of CEPU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Central Puerto by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,423,762 shares of the company's stock valued at $26,880,000 after purchasing an additional 140,299 shares in the last quarter. GAMMA Investing LLC boosted its stake in Central Puerto by 863.3% in the first quarter. GAMMA Investing LLC now owns 95,773 shares of the company's stock valued at $1,062,000 after acquiring an additional 85,831 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Central Puerto in the first quarter worth about $688,000. Hsbc Holdings PLC lifted its holdings in shares of Central Puerto by 16.7% in the first quarter. Hsbc Holdings PLC now owns 125,136 shares of the company's stock worth $1,405,000 after buying an additional 17,904 shares in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Central Puerto in the first quarter worth about $1,996,000. 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.

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