Central Puerto (NYSE:CEPU) Sets New 1-Year High – Still a Buy?

Central Puerto S.A. (NYSE:CEPU) shares hit a new 52-week high on Tuesday . The company traded as high as $13.78 and last traded at $13.75, with a volume of 130403 shares changing hands. The stock had previously closed at $13.40.

Analyst Ratings Changes

Separately, Bank of America raised their target price 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 Trading Up 1.4 %

The business’s fifty day simple moving average is $10.89 and its two-hundred day simple moving average is $9.80. 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 company has a market cap of $2.10 billion, a price-to-earnings ratio of 5.43 and a beta of 1.23.

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

Hedge Funds Weigh In On Central Puerto

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake 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 valued at $35,000 after purchasing an additional 1,420 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Central Puerto in the 1st quarter valued at $29,000. Financial Management Professionals Inc. acquired a new position in Central Puerto in the 3rd quarter valued at $34,000. Verition Fund Management LLC purchased a new position in Central Puerto during the 3rd quarter worth $121,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Central Puerto in the 3rd quarter worth $122,000. Institutional investors and hedge funds 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.