Bank of America Boosts Central Puerto (NYSE:CEPU) Price Target to $12.00

Central Puerto (NYSE:CEPU) had its price target increased by Bank of America from $11.00 to $12.00 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Central Puerto Price Performance

Shares of CEPU opened at $10.40 on Wednesday. The company has a quick ratio of 1.96, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.57 billion, a PE ratio of 4.10 and a beta of 1.26. Central Puerto has a 12-month low of $5.30 and a 12-month high of $11.60. The business has a 50-day simple moving average of $8.89 and a two-hundred day simple moving average of $9.23.

Central Puerto (NYSE:CEPU) last released its quarterly earnings data on Friday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). Central Puerto had a net margin of 52.54% and a return on equity of 21.76%. The firm had revenue of $168.00 million during the quarter. Analysts anticipate that Central Puerto will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Central Puerto

Institutional investors have recently modified their holdings of the business. Simplex Trading LLC lifted its holdings in Central Puerto by 1,441.0% during the 4th quarter. Simplex Trading LLC now owns 2,910 shares of the company’s stock worth $26,000 after buying an additional 3,127 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Central Puerto in the first quarter worth approximately $29,000. Truist Financial Corp bought a new stake in Central Puerto in the second quarter valued at approximately $161,000. Acadian Asset Management LLC acquired a new stake in Central Puerto during the 2nd quarter valued at approximately $320,000. Finally, Ping Capital Management Inc. bought a new position in Central Puerto during the 2nd quarter worth approximately $390,000. 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.