Central Puerto (NYSE:CEPU) Reaches New 12-Month High – Still a Buy?

Central Puerto S.A. (NYSE:CEPU) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.39 and last traded at $12.33, with a volume of 194262 shares traded. The stock had previously closed at $11.61.

Wall Street Analysts Forecast Growth

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

Central Puerto Stock Up 5.1 %

The company has a market cap of $1.85 billion, a P/E ratio of 4.74 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.96. The business’s 50 day moving average price is $10.38 and its 200-day moving average price is $9.66.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.05 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 return on equity of 21.76% and a net margin of 52.54%. On average, analysts anticipate that Central Puerto S.A. will post 0.76 earnings per share for the current fiscal year.

Institutional Trading of Central Puerto

A number of institutional investors have recently modified their holdings of CEPU. Financial Management Professionals Inc. acquired a new stake in shares of Central Puerto in the third quarter valued at $34,000. GAMMA Investing LLC lifted its holdings 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 buying an additional 1,420 shares during the last quarter. Truist Financial Corp acquired a new stake in Central Puerto during the second quarter valued at approximately $161,000. Ping Capital Management Inc. acquired a new position in Central Puerto in the second quarter valued at approximately $390,000. Finally, Acadian Asset Management LLC bought a new stake in Central Puerto in the 2nd quarter valued at approximately $320,000. 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.