Central Puerto (NYSE:CEPU) Reaches New 1-Year Low - Time to Sell?

Key Points

• Central Puerto's stock price reached a new 12-month low at $8.40, trading lower from a previous close of $10.13.
• Despite the drop, Wall Street Zen upgraded Central Puerto from a "buy" to a "strong-buy" rating, with an average target price of $12.00.
• The company reported a quarterly EPS of $0.48 and revenue of $179.60 million, with analysts expecting a total annual EPS of 0.63.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $8.40 and last traded at $8.74, with a volume of 786101 shares. The stock had previously closed at $10.13.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Central Puerto from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 3rd.

Central Puerto Price Performance

The stock has a 50 day moving average of $11.25 and a two-hundred day moving average of $11.61. The stock has a market cap of $1.29 billion, a PE ratio of 8.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.31.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.48 earnings per share for the quarter. Central Puerto had a return on equity of 11.81% and a net margin of 21.30%.The firm had revenue of $179.60 million for the quarter. Equities analysts anticipate that Central Puerto S.A. Sponsored ADR will post 0.63 EPS for the current year.

Hedge Funds Weigh In On Central Puerto

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Preferred LLC purchased a new position in Central Puerto during the 1st quarter valued at about $53,000. Tidal Investments LLC purchased a new position in Central Puerto during the 4th quarter valued at about $176,000. Virtu Financial LLC purchased a new position in Central Puerto during the 1st quarter valued at about $170,000. Insigneo Advisory Services LLC purchased a new position in Central Puerto during the 1st quarter valued at about $200,000. Finally, Bank of America Corp DE grew its stake in Central Puerto by 13.6% during the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company's stock valued at $240,000 after acquiring an additional 2,460 shares in the last quarter. Hedge funds and other institutional investors 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.