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

Wall Street Zen lowered shares of Central Puerto (NYSE:CEPU) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Central Puerto Trading Up 1.0%

NYSE CEPU opened at $12.22 on Friday. Central Puerto has a 1-year low of $7.07 and a 1-year high of $16.60. The company has a current ratio of 1.23, a quick ratio of 1.13 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.85 billion, a PE ratio of 22.21 and a beta of 1.09. The firm’s fifty day simple moving average is $12.14 and its 200-day simple moving average is $12.20.

Central Puerto (NYSE:CEPU) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.50 earnings per share for the quarter. Central Puerto had a net margin of 12.69% and a return on equity of 8.93%. The business had revenue of $196.00 million for the quarter. As a group, sell-side analysts anticipate that Central Puerto will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

A number of hedge funds have recently modified their holdings of CEPU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Central Puerto by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,423,762 shares of the company’s stock worth $26,880,000 after buying an additional 140,299 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Central Puerto by 1,204.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 435,276 shares of the company’s stock worth $6,307,000 after buying an additional 401,903 shares during the last quarter. Banco BTG Pactual S.A. acquired a new position in Central Puerto during the first quarter worth $1,996,000. Hsbc Holdings PLC grew its position in shares of Central Puerto by 16.7% in the first quarter. Hsbc Holdings PLC now owns 125,136 shares of the company’s stock valued at $1,405,000 after purchasing an additional 17,904 shares during the last quarter. Finally, Ping Capital Management Inc. grew its position in shares of Central Puerto by 29.3% in the second quarter. Ping Capital Management Inc. now owns 119,000 shares of the company’s stock valued at $1,390,000 after purchasing an additional 27,000 shares during the last quarter. 2.97% of the stock is owned by institutional investors and hedge funds.

About Central Puerto

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.