Central Puerto (NYSE:CEPU) Rating Lowered to “Buy” at Wall Street Zen

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

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Central Puerto in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.50.

Central Puerto Stock Down 2.0%

Shares of NYSE CEPU opened at $15.13 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.31 and a current ratio of 1.48. Central Puerto has a 1 year low of $7.43 and a 1 year high of $18.50. The stock’s 50-day simple moving average is $15.88 and its 200-day simple moving average is $13.78. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 9.01 and a beta of 1.05.

Institutional Investors Weigh In On Central Puerto

A number of institutional investors have recently modified their holdings of CEPU. Van ECK Associates Corp acquired a new position in Central Puerto in the third quarter worth about $60,000. Harbour Capital Advisors LLC acquired a new stake in Central Puerto during the fourth quarter valued at approximately $174,000. Brooklyn Investment Group bought a new position in Central Puerto during the 4th quarter worth approximately $174,000. Balyasny Asset Management L.P. acquired a new position in shares of Central Puerto in the 4th quarter worth approximately $202,000. Finally, Perpetual Ltd acquired a new position in shares of Central Puerto in the 4th quarter worth approximately $271,000. Institutional investors and hedge funds 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.