Central Puerto (NYSE:CEPU) Reaches New 1-Year High – Time to Buy?

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

Analysts Set New Price Targets

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

Central Puerto Price Performance

The firm has a market cap of $2.14 billion, a PE ratio of 5.45 and a beta of 1.23. The firm has a fifty day simple moving average of $11.03 and a two-hundred day simple moving average of $9.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13.

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

Hedge Funds Weigh In On Central Puerto

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of Central Puerto by 62.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock worth $35,000 after purchasing an additional 1,420 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Central Puerto during the 1st quarter worth approximately $29,000. Financial Management Professionals Inc. bought a new stake in shares of Central Puerto during the 3rd quarter worth approximately $34,000. Verition Fund Management LLC bought a new stake in shares of Central Puerto during the 3rd quarter worth approximately $121,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Central Puerto during the 3rd quarter worth approximately $122,000. 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.