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

Central Puerto (NYSE:CEPU) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

CEPU has been the topic of several other reports. Bank of America dropped their price target on shares of Central Puerto from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Central Puerto in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Central Puerto Stock Performance

Shares of CEPU stock opened at $13.50 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. The firm has a fifty day moving average price of $14.07 and a 200 day moving average price of $14.77. The company has a market cap of $2.04 billion, a P/E ratio of 4.50 and a beta of 0.81. Central Puerto has a 12 month low of $7.43 and a 12 month high of $18.50.

Institutional Trading of Central Puerto

Several institutional investors and hedge funds have recently made changes to their positions in CEPU. SPX Gestao de Recursos Ltda purchased a new position in Central Puerto during the 1st quarter worth approximately $6,084,000. Absolute Gestao de Investimentos Ltda. purchased a new stake in Central Puerto in the first quarter valued at approximately $4,814,000. UBS Group AG boosted its holdings in shares of Central Puerto by 462.8% in the fourth quarter. UBS Group AG now owns 140,597 shares of the company’s stock valued at $2,460,000 after acquiring an additional 115,617 shares during the period. Bank of America Corp DE boosted 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 valued at $2,235,000 after acquiring an additional 98,380 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Central Puerto during the first quarter worth approximately $1,349,000. 2.97% of the stock is owned by hedge funds and other institutional investors.

About Central Puerto

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.