Central Puerto (NYSE:CEPU) Trading 7.4% Higher – Still a Buy?

by · The Cerbat Gem

Central Puerto S.A. Sponsored ADR (NYSE:CEPU – Get Free Report)’s stock price rose 7.4% on Friday . The company traded as high as $15.90 and last traded at $15.97. Approximately 338,764 shares changed hands during trading, a decline of 2% from the average daily volume of 346,442 shares. The stock had previously closed at $14.87.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CEPU. Wall Street Zen upgraded shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 9th. Citigroup began coverage on Central Puerto in a research report on Wednesday, October 29th. They set a “buy” rating and a $17.50 price target for the company. Finally, Weiss Ratings upgraded Central Puerto from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, November 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Read Our Latest Stock Report on Central Puerto

Central Puerto Trading Up 7.2%

The stock has a market capitalization of $2.41 billion, a PE ratio of 16.26 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $11.54 and its two-hundred day moving average is $11.62.

Central Puerto (NYSE:CEPU – Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.70 EPS for the quarter. Central Puerto had a return on equity of 11.81% and a net margin of 21.30%. On average, analysts predict that Central Puerto S.A. Sponsored ADR will post 0.63 earnings per share for the current year.

Hedge Funds Weigh In On Central Puerto

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Central Puerto during the first quarter worth approximately $170,000. Hsbc Holdings PLC boosted its stake in Central Puerto by 16.7% during the 1st quarter. Hsbc Holdings PLC now owns 125,136 shares of the company’s stock valued at $1,405,000 after acquiring an additional 17,904 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in Central Puerto during the 1st quarter valued at $1,996,000. Cubist Systematic Strategies LLC acquired a new position in shares of Central Puerto during the first quarter valued at $688,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Central Puerto by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,423,762 shares of the company’s stock worth $26,880,000 after acquiring an additional 140,299 shares during the last quarter. 2.97% of the stock is owned by institutional investors and hedge funds.

Central Puerto Company Profile

(Get Free Report)

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.

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