Central Puerto (NYSE:CEPU) Hits New 52-Week High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Separately, Bank of America raised their price objective on shares of 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 Stock Up 3.4 %

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.96. The firm’s fifty day moving average price is $10.09 and its two-hundred day moving average price is $9.59. 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 announced its quarterly earnings results 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 return on equity of 21.76% and a net margin of 52.54%. The firm had revenue of $168.00 million during the quarter. Sell-side analysts forecast that Central Puerto S.A. will post 0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Central Puerto

Several large investors have recently modified their holdings of CEPU. BNP Paribas Financial Markets bought a new position in Central Puerto during the first quarter valued at $29,000. Acadian Asset Management LLC bought a new position in shares of Central Puerto during the 2nd quarter worth $320,000. Ping Capital Management Inc. purchased a new stake in Central Puerto during the second quarter valued at about $390,000. Truist Financial Corp bought a new stake in shares of Central Puerto in the second quarter valued at approximately $161,000. Finally, GAMMA Investing LLC boosted its holdings in Central Puerto by 62.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock worth $35,000 after buying an additional 1,420 shares during the period. Hedge funds and other 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.