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

Wall Street Zen cut shares of Central Puerto (NYSE:CEPU) from a strong-buy rating to a buy rating in a report published on Saturday.

Separately, Weiss Ratings upgraded shares of Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Central Puerto currently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

Central Puerto Trading Up 2.7%

Shares of NYSE:CEPU opened at $13.33 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. Central Puerto has a 12-month low of $7.43 and a 12-month high of $18.50. The business has a 50 day moving average of $14.49 and a two-hundred day moving average of $15.02. The company has a market capitalization of $2.02 billion, a PE ratio of 4.44 and a beta of 0.85.

Institutional Trading of Central Puerto

Several large investors have recently made changes to their positions in CEPU. Blue Trust Inc. purchased a new position in Central Puerto in the 1st quarter valued at $41,000. Van ECK Associates Corp acquired a new stake in shares of Central Puerto in the third quarter valued at about $60,000. Squarepoint Ops LLC acquired a new stake in shares of Central Puerto in the third quarter valued at about $138,000. Brooklyn Investment Group purchased a new position in shares of Central Puerto in the fourth quarter worth about $174,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Central Puerto in the fourth quarter worth about $202,000. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

About Central Puerto

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.