Central Puerto (NYSE:CEPU) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Central Puerto (NYSE:CEPU) from a buy rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other brokerages have also issued reports on CEPU. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Central Puerto in a research report on Wednesday, August 26th. Bank of America lowered their price target on Central Puerto from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Central Puerto Price Performance

NYSE CEPU opened at $13.50 on Friday. The firm’s fifty day simple moving average is $14.07 and its two-hundred day simple moving average is $14.77. The firm has a market capitalization of $2.04 billion, a P/E ratio of 4.50 and a beta of 0.81. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. Central Puerto has a 12-month low of $7.43 and a 12-month high of $18.50.

Hedge Funds Weigh In On Central Puerto

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC purchased a new position in Central Puerto during the 2nd quarter worth approximately $159,000. Bank of America Corp DE boosted its holdings in shares of Central Puerto by 285.7% in the 1st quarter. Bank of America Corp DE now owns 132,818 shares of the company’s stock valued at $2,235,000 after acquiring an additional 98,380 shares during the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Central Puerto in the first quarter worth $4,814,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Central Puerto in the first quarter worth $271,000. Finally, Walleye Capital LLC purchased a new position in shares of Central Puerto during the first quarter worth $1,349,000. Institutional investors and hedge funds own 2.97% of the company’s stock.

Central Puerto Company Profile

Central Puerto SA is an Argentina-based electric power generation company whose American depositary shares trade on the New York Stock Exchange under the symbol CEPU. The company develops, owns, and operates power-generation facilities that supply electricity to Argentina’s interconnected power system.

Its generation portfolio includes thermal power plants, which primarily use natural gas and other fuels, as well as hydroelectric and renewable-energy assets. Central Puerto also develops and invests in new generation projects, including wind and solar facilities, to support the diversification of Argentina’s electricity supply.

Central Puerto was established in 1989 during the privatization and restructuring of Argentina’s electricity sector.