Central Puerto (NYSE:CEPU) Sets New 12-Month High – Time to Buy?

Shares of Central Puerto S.A. (NYSE:CEPU) hit a new 52-week high during trading on Monday . The company traded as high as $14.20 and last traded at $14.09, with a volume of 25235 shares traded. The stock had previously closed at $13.89.

Analyst Ratings Changes

Separately, Bank of America upped their price objective on Central Puerto from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th.

Central Puerto Stock Down 0.4 %

The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.11 billion, a PE ratio of 5.46 and a beta of 1.23. The business’s fifty day moving average price is $11.10 and its 200 day moving average price is $9.85.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The firm had revenue of $185.00 million during the quarter, compared to analyst estimates of $200.26 million. On average, equities research analysts forecast that Central Puerto S.A. will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Central Puerto

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in Central Puerto in the 2nd quarter valued at $320,000. GAMMA Investing LLC grew its holdings in Central Puerto by 62.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock valued at $35,000 after buying an additional 1,420 shares during the period. Truist Financial Corp purchased a new position in shares of Central Puerto during the 2nd quarter worth about $161,000. Ping Capital Management Inc. purchased a new stake in Central Puerto in the second quarter valued at approximately $390,000. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Central Puerto during the 3rd quarter worth $34,000. Hedge funds and other institutional investors 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.