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

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

Wall Street Analysts Forecast Growth

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

Central Puerto Stock Performance

The stock’s fifty day moving average is $10.09 and its 200-day moving average is $9.59. 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 $1.77 billion, a price-to-earnings ratio of 4.72 and a beta of 1.23.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CEPU. GAMMA Investing LLC increased its holdings in shares of Central Puerto by 62.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock worth $35,000 after acquiring an additional 1,420 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Central Puerto during the first quarter worth approximately $29,000. Financial Management Professionals Inc. bought a new stake in Central Puerto in the 3rd quarter valued at $34,000. Truist Financial Corp bought a new position in Central Puerto during the 2nd quarter worth $161,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Central Puerto during the second quarter worth $320,000. 2.97% of the stock is currently owned by institutional investors and hedge funds.

About Central Puerto

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.