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

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

Wall Street Analyst Weigh In

Separately, Bank of America lifted 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 Trading Down 2.1 %

The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average is $11.63 and its 200-day moving average is $10.03. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 5.44 and a beta of 1.24.

Central Puerto (NYSE:CEPU) last announced its quarterly 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 for the quarter, compared to analyst estimates of $200.26 million. Research analysts anticipate that Central Puerto S.A. will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

A number of hedge funds have recently modified their holdings of the business. Ping Capital Management Inc. purchased a new position in Central Puerto during the second quarter worth about $390,000. Point72 Asset Management L.P. purchased a new position in shares of Central Puerto during the 3rd quarter worth approximately $351,000. Acadian Asset Management LLC purchased a new stake in Central Puerto in the second quarter valued at approximately $320,000. Truist Financial Corp acquired a new position in Central Puerto during the second quarter worth $161,000. Finally, Virtu Financial LLC purchased a new position in shares of Central Puerto during the third quarter worth $157,000. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

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.