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

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

Analyst Ratings Changes

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

Central Puerto Trading Up 1.9 %

The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $11.03 and a two-hundred day simple moving average of $9.83. The firm has a market capitalization of $2.14 billion, a P/E ratio of 5.45 and a beta of 1.23.

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

Institutional Investors Weigh In On Central Puerto

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Central Puerto in the 3rd quarter worth $157,000. Quadrature Capital Ltd bought a new position in shares of Central Puerto in the 3rd quarter worth $122,000. Point72 Asset Management L.P. bought a new position in shares of Central Puerto in the 3rd quarter worth $351,000. Verition Fund Management LLC bought a new position in shares of Central Puerto in the 3rd quarter worth $121,000. Finally, Financial Management Professionals Inc. bought a new position in shares of Central Puerto in the 3rd quarter worth $34,000. 2.97% of the stock is owned by institutional investors.

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.