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

Central Puerto S.A. (NYSE:CEPU) hit a new 52-week high on Tuesday . The stock traded as high as $14.43 and last traded at $14.41, with a volume of 28521 shares. The stock had previously closed at $13.99.

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted 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 Price Performance

The stock’s 50 day simple moving average is $11.46 and its 200-day simple moving average is $9.97. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 5.49 and a beta of 1.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13.

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

Hedge Funds Weigh In On Central Puerto

A number of institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. purchased a new stake in Central Puerto during the third quarter worth $34,000. GAMMA Investing LLC grew its position 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 valued at $35,000 after acquiring an additional 1,420 shares during the period. Verition Fund Management LLC purchased a new position in shares of Central Puerto in the 3rd quarter valued at about $121,000. Quadrature Capital Ltd acquired a new position in Central Puerto in the 3rd quarter worth about $122,000. Finally, Virtu Financial LLC acquired a new stake in Central Puerto in the third quarter valued at approximately $157,000. 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.