Central Puerto (NYSE:CEPU) Hits New 1-Year High – Still a Buy?

Central Puerto S.A. (NYSE:CEPU)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $14.90 and last traded at $14.55, with a volume of 91545 shares traded. The stock had previously closed at $14.21.

Analysts Set New Price Targets

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

Central Puerto Stock Up 2.1 %

The firm has a market cap of $2.20 billion, a P/E ratio of 5.70 and a beta of 1.23. The firm’s 50-day moving average price is $11.80 and its 200 day moving average price is $10.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.13 and a quick ratio of 1.97.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.19). The firm had revenue of $185.00 million for the quarter, compared to analyst estimates 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 expect that Central Puerto S.A. will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Central Puerto by 62.4% during 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 during the period. Financial Management Professionals Inc. bought a new stake in shares of Central Puerto during the 3rd quarter valued at about $34,000. Verition Fund Management LLC bought a new stake in shares of Central Puerto during the 3rd quarter valued at about $121,000. Quadrature Capital Ltd acquired a new stake in Central Puerto during the third quarter worth about $122,000. Finally, Virtu Financial LLC bought a new position in Central Puerto in the third quarter worth about $157,000. 2.97% of the stock is currently 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.