Central Puerto (NYSE:CEPU) Price Target Increased to $12.00 by Analysts at Bank of America

Central Puerto (NYSE:CEPU) had its target price lifted by Bank of America from $11.00 to $12.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Central Puerto Stock Up 2.6 %

Shares of Central Puerto stock opened at $10.41 on Wednesday. The company has a fifty day moving average price of $8.92 and a 200 day moving average price of $9.25. The company has a current ratio of 2.13, a quick ratio of 1.96 and a debt-to-equity ratio of 0.19. Central Puerto has a twelve month low of $5.30 and a twelve month high of $11.60. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 4.10 and a beta of 1.26.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Central Puerto had a return on equity of 21.76% and a net margin of 52.54%. The business had revenue of $168.00 million for the quarter. Equities research analysts forecast that Central Puerto will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its position in Central Puerto by 17.8% in the 4th quarter. Hsbc Holdings PLC now owns 206,552 shares of the company’s stock valued at $1,896,000 after buying an additional 31,159 shares during the last quarter. Anthracite Investment Company Inc. purchased a new position in Central Puerto in the 4th quarter valued at about $592,000. Ping Capital Management Inc. acquired a new stake in shares of Central Puerto in the 2nd quarter valued at about $390,000. Acadian Asset Management LLC acquired a new stake in shares of Central Puerto in the 2nd quarter valued at about $320,000. Finally, Truist Financial Corp acquired a new stake in shares of Central Puerto in the 2nd quarter valued at about $161,000. 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.