Wall Street Zen Downgrades Central Puerto (NYSE:CEPU) to Buy

Central Puerto (NYSE:CEPU) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings raised Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Central Puerto has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Central Puerto Price Performance

Shares of CEPU opened at $12.97 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $14.54 and its two-hundred day moving average is $15.04. Central Puerto has a twelve month low of $7.43 and a twelve month high of $18.50. The firm has a market capitalization of $1.96 billion, a PE ratio of 4.32 and a beta of 0.85.

Hedge Funds Weigh In On Central Puerto

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in Central Puerto by 285.7% during the first quarter. Bank of America Corp DE now owns 132,818 shares of the company’s stock worth $2,235,000 after buying an additional 98,380 shares in the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in Central Puerto in the first quarter valued at about $4,814,000. Arrowstreet Capital Limited Partnership purchased a new position in Central Puerto in the first quarter valued at about $271,000. Walleye Capital LLC acquired a new stake in shares of Central Puerto during the 1st quarter valued at approximately $1,349,000. Finally, SPX Gestao de Recursos Ltda acquired a new stake in shares of Central Puerto during the 1st quarter valued at approximately $6,084,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.

Central Puerto Company Profile

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.