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

Wall Street Zen upgraded shares of Central Puerto (NYSE:CEPU) from a buy rating to a strong-buy rating in a research note published on Sunday morning.

Several other analysts have also issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Central Puerto in a report on Wednesday, October 8th. Citigroup began coverage on Central Puerto in a research note on Wednesday, October 29th. They issued a “buy” rating and a $17.50 price target for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.50.

Central Puerto Stock Up 0.2%

Shares of CEPU opened at $14.90 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09. Central Puerto has a 12 month low of $7.43 and a 12 month high of $16.60. The firm’s 50 day moving average is $10.20 and its 200-day moving average is $11.31. The stock has a market capitalization of $2.26 billion, a PE ratio of 15.20 and a beta of 1.13.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CEPU. Advisors Preferred LLC bought a new position in shares of Central Puerto in the first quarter worth about $53,000. Virtu Financial LLC acquired a new position in Central Puerto during the 1st quarter worth approximately $170,000. Bank of America Corp DE lifted its stake in Central Puerto by 13.6% in the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company’s stock valued at $240,000 after purchasing an additional 2,460 shares during the last quarter. NewEdge Advisors LLC boosted its position in Central Puerto by 4,431.2% in the first quarter. NewEdge Advisors LLC now owns 30,540 shares of the company’s stock valued at $339,000 after buying an additional 29,866 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Central Puerto by 41.1% during the second quarter. Invesco Ltd. now owns 30,434 shares of the company’s stock worth $355,000 after buying an additional 8,867 shares during the last quarter. Institutional investors and hedge funds own 2.97% of the company’s stock.

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.