Central Puerto (NYSE:CEPU) PT Raised to $12.00

Central Puerto (NYSE:CEPU) had its price target upped by equities researchers at Bank of America from $11.00 to $12.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s price objective indicates a potential upside of 18.23% from the stock’s previous close.

Central Puerto Price Performance

CEPU opened at $10.15 on Wednesday. The stock’s 50-day moving average price is $8.89 and its 200 day moving average price is $9.23. Central Puerto has a 12-month low of $5.30 and a 12-month high of $11.60. The company has a current ratio of 2.13, a quick ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 4.00 and a beta of 1.26.

Central Puerto (NYSE:CEPU) last posted its earnings results on Friday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). Central Puerto had a return on equity of 21.76% and a net margin of 52.54%. The firm had revenue of $168.00 million for the quarter. As a group, sell-side analysts expect that Central Puerto will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Central Puerto

Several hedge funds have recently bought and sold shares of CEPU. Simplex Trading LLC lifted its stake in Central Puerto by 1,441.0% during the 4th quarter. Simplex Trading LLC now owns 2,910 shares of the company’s stock worth $26,000 after acquiring an additional 3,127 shares in the last quarter. Anthracite Investment Company Inc. purchased a new stake in Central Puerto during the 4th quarter worth about $592,000. Hsbc Holdings PLC increased its holdings in Central Puerto by 17.8% during the 4th quarter. Hsbc Holdings PLC now owns 206,552 shares of the company’s stock worth $1,896,000 after purchasing an additional 31,159 shares during the period. BNP Paribas Financial Markets purchased a new stake in Central Puerto during the 1st quarter worth about $29,000. Finally, Acadian Asset Management LLC purchased a new stake in Central Puerto during the 2nd quarter worth about $320,000. Institutional investors and hedge funds own 2.97% of the company’s stock.

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.