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 ongoing concerns about the company's stock performance.
• In contrast, Wall Street Zen upgraded Central Puerto from a "buy" to a "strong-buy" rating, suggesting mixed opinions on the stock among analysts.
• Central Puerto's stock price dropped by 1.0% to $9.47, and the company recently reported earnings per share of $0.48 with a revenue of $179.60 million for the quarter.

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

Separately, Wall Street Zen upgraded shares of Central Puerto from a "buy" rating to a "strong-buy" rating in a research note on Sunday, October 19th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Central Puerto Stock Down 1.0%

Shares of CEPU stock traded down $0.10 during trading hours on Friday, reaching $9.47. The company had a trading volume of 355,259 shares, compared to its average volume of 488,210. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.31 and a quick ratio of 1.20. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 9.66 and a beta of 1.07. The business has a fifty day simple moving average of $9.25 and a 200-day simple moving average of $10.98. Central Puerto has a 12 month low of $7.43 and a 12 month high of $16.60.

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

Hedge Funds Weigh In On Central Puerto

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Preferred LLC bought a new position in shares of Central Puerto during the 1st quarter valued at $53,000. Virtu Financial LLC bought a new position in shares of Central Puerto during the first quarter valued at approximately $170,000. Bank of America Corp DE raised its holdings in Central Puerto by 13.6% in the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company's stock worth $240,000 after purchasing an additional 2,460 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Central Puerto by 4,431.2% in the first quarter. NewEdge Advisors LLC now owns 30,540 shares of the company's stock worth $339,000 after buying an additional 29,866 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Central Puerto by 41.1% during the second quarter. Invesco Ltd. now owns 30,434 shares of the company's stock valued at $355,000 after purchasing an additional 8,867 shares in the last quarter. 2.97% of the stock is currently owned by hedge funds and other 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.

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