Central Puerto (NYSE:CEPU) Hits New 1-Year High - What's Next?

Central Puerto S.A. (NYSE:CEPU - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.63 and last traded at $11.61, with a volume of 158320 shares changing hands. The stock had previously closed at $11.22.

Analyst Upgrades and Downgrades

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

Central Puerto Trading Down 0.3 %

The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 4.41 and a beta of 1.26. 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 firm has a fifty day moving average of $9.90 and a 200-day moving average of $9.54.

Central Puerto (NYSE:CEPU - Get Free Report) 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). The company had revenue of $168.00 million during the quarter. Central Puerto had a net margin of 52.54% and a return on equity of 21.76%. As a group, equities analysts predict that Central Puerto S.A. will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Central Puerto

Several large investors have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in Central Puerto in the first quarter worth about $29,000. Financial Management Professionals Inc. acquired a new position in Central Puerto in the third quarter worth about $34,000. GAMMA Investing LLC grew its stake in Central Puerto by 62.4% in the third quarter. GAMMA Investing LLC now owns 3,694 shares of the company's stock worth $35,000 after purchasing an additional 1,420 shares in the last quarter. Truist Financial Corp acquired a new position in Central Puerto in the second quarter worth about $161,000. Finally, Acadian Asset Management LLC acquired a new position in Central Puerto in the second quarter worth about $320,000. 2.97% of the stock is currently owned by institutional investors and hedge funds.

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.