Central Puerto (NYSE:CEPU) Upgraded at Wall Street Zen

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

CEPU has been the subject of several other research reports. Citigroup started coverage on Central Puerto in a research note on Wednesday, October 29th. They set a “buy” rating and a $17.50 price objective for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Central Puerto in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Central Puerto presently has an average rating of “Hold” and a consensus price target of $17.50.

Central Puerto Stock Performance

Central Puerto stock opened at $14.48 on Friday. Central Puerto has a 1-year low of $7.43 and a 1-year high of $16.60. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.19 billion, a PE ratio of 14.77 and a beta of 1.13. The firm’s 50 day simple moving average is $10.03 and its 200 day simple moving average is $11.26.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.48 EPS for the quarter. The firm had revenue of $179.60 million during the quarter. Central Puerto had a net margin of 21.30% and a return on equity of 11.81%. As a group, analysts expect that Central Puerto will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Central Puerto

Hedge funds have recently added to or reduced their stakes in the business. Ping Capital Management Inc. boosted its position in Central Puerto by 7.0% during the first quarter. Ping Capital Management Inc. now owns 92,000 shares of the company’s stock valued at $1,020,000 after buying an additional 6,000 shares during the period. Advisors Preferred LLC bought a new stake in shares of Central Puerto in the 1st quarter valued at about $53,000. Virtu Financial LLC purchased a new stake in Central Puerto during the 1st quarter valued at about $170,000. Hsbc Holdings PLC grew its position in Central Puerto by 16.7% during the 1st quarter. Hsbc Holdings PLC now owns 125,136 shares of the company’s stock worth $1,405,000 after acquiring an additional 17,904 shares during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new position in Central Puerto in the 1st quarter worth approximately $1,996,000. 2.97% of the stock is owned by institutional investors.

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.