Central Puerto (NYSE:CEPU) Hits New 12-Month High – Still a Buy?

Shares of Central Puerto S.A. (NYSE:CEPU) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.39 and last traded at $12.33, with a volume of 194262 shares. The stock had previously closed at $11.61.

Analysts Set New Price Targets

Separately, Bank of America raised their price objective 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 Price Performance

The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 5.16 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.96 and a current ratio of 2.13. The stock’s 50 day simple moving average is $10.58 and its 200-day simple moving average is $9.72.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings data 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). Central Puerto had a net margin of 56.44% and a return on equity of 21.93%. The firm had revenue of $185.00 million during the quarter, compared to analyst estimates of $200.26 million. Equities research analysts anticipate that Central Puerto S.A. will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Central Puerto

Several hedge funds have recently added to or reduced their stakes in CEPU. BNP Paribas Financial Markets purchased a new position in shares of Central Puerto during the 1st quarter valued at approximately $29,000. Financial Management Professionals Inc. purchased a new position in Central Puerto in the third quarter valued at $34,000. GAMMA Investing LLC boosted its stake 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 in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Central Puerto during the 3rd quarter worth about $121,000. Finally, Truist Financial Corp purchased a new position in shares of Central Puerto in the 2nd quarter valued at about $161,000. 2.97% of the stock is owned by hedge funds and other 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.