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

Wall Street Zen downgraded shares of Central Puerto (NYSE:CEPU) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Several other research analysts also recently commented on CEPU. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Central Puerto in a research note on Wednesday, August 26th. Bank of America reduced their target price on shares of Central Puerto from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, September 17th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Central Puerto currently has an average rating of “Moderate Buy” and an average price target of $22.75.

Central Puerto Trading Down 0.4%

NYSE:CEPU opened at $13.41 on Friday. Central Puerto has a one year low of $7.53 and a one year high of $18.50. The business has a fifty day moving average price of $14.04 and a 200-day moving average price of $14.76. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 4.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.28 and a quick ratio of 1.19.

Institutional Trading of Central Puerto

Several institutional investors and hedge funds have recently added to or reduced their stakes in CEPU. UBS Group AG boosted its stake in Central Puerto by 462.8% in the 4th quarter. UBS Group AG now owns 140,597 shares of the company’s stock worth $2,460,000 after purchasing an additional 115,617 shares during the period. Walleye Capital LLC bought a new stake in shares of Central Puerto during the first quarter valued at approximately $1,349,000. Bank of America Corp DE lifted its holdings in shares of Central Puerto by 285.7% in 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. SPX Gestao de Recursos Ltda bought a new position in shares of Central Puerto during the first quarter worth $6,084,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in Central Puerto during the first quarter valued at $4,814,000. Institutional investors own 2.97% of the company’s stock.

Central Puerto Company Profile

Central Puerto SA is an Argentina-based electric power generation company whose American depositary shares trade on the New York Stock Exchange under the symbol CEPU. The company develops, owns, and operates power-generation facilities that supply electricity to Argentina’s interconnected power system.

Its generation portfolio includes thermal power plants, which primarily use natural gas and other fuels, as well as hydroelectric and renewable-energy assets. Central Puerto also develops and invests in new generation projects, including wind and solar facilities, to support the diversification of Argentina’s electricity supply.

Central Puerto was established in 1989 during the privatization and restructuring of Argentina’s electricity sector.