Central Puerto (NYSE:CEPU) Reaches New 52-Week High – Time to Buy?

Central Puerto S.A. (NYSE:CEPU)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.74 and last traded at $11.71, with a volume of 334296 shares traded. The stock had previously closed at $11.32.

Analyst Ratings Changes

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

Central Puerto Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.96. The business’s 50-day moving average price is $10.22 and its two-hundred day moving average price is $9.63. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 4.91 and a beta of 1.23.

Central Puerto (NYSE:CEPU) last released its quarterly earnings results on Friday, August 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Central Puerto had a net margin of 52.54% and a return on equity of 21.76%. The business had revenue of $168.00 million during the quarter. Research analysts predict that Central Puerto S.A. will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On Central Puerto

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ping Capital Management Inc. acquired a new stake in shares of Central Puerto in the second quarter valued at approximately $390,000. Acadian Asset Management LLC acquired a new position in Central Puerto during the second quarter valued at approximately $320,000. Truist Financial Corp acquired a new position in Central Puerto during the second quarter valued at approximately $161,000. GAMMA Investing LLC raised its position in Central Puerto by 62.4% during the third quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock valued at $35,000 after purchasing an additional 1,420 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in Central Puerto during the third quarter valued at approximately $34,000. 2.97% of the stock is currently owned by institutional investors and hedge funds.

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.