Central Puerto (NYSE:CEPU) Sees Large Volume Increase - Should You Buy?

Key Points

• Central Puerto's trading volume increased by 54% on Monday, with 458,319 shares traded compared to the previous session's 297,461 shares, while the stock price rose from $8.56 to $8.74.
• Wall Street Zen upgraded Central Puerto from a "buy" to a "strong-buy" rating, indicating a more favorable outlook for the company's stock.
• Central Puerto reported a net margin of 21.30% and a return on equity of 11.81%, with an earnings per share of $0.48 for the latest quarter, suggesting robust financial performance.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) shares saw strong trading volume on Monday . 458,319 shares traded hands during trading, an increase of 54% from the previous session's volume of 297,461 shares.The stock last traded at $8.74 and had previously closed at $8.56.

Analysts Set New Price Targets

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

Central Puerto Price Performance

The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 7.85 and a beta of 1.16. 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 stock has a 50-day simple moving average of $10.92 and a 200 day simple moving average of $11.48.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of Central Puerto by 13.6% in 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. Jane Street Group LLC grew its holdings in shares of Central Puerto by 6.9% during the 2nd quarter. Jane Street Group LLC now owns 53,073 shares of the company's stock worth $620,000 after purchasing an additional 3,424 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Central Puerto during the 1st quarter worth approximately $53,000. Ping Capital Management Inc. grew its holdings in shares of Central Puerto by 7.0% during the 1st quarter. Ping Capital Management Inc. now owns 92,000 shares of the company's stock worth $1,020,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Central Puerto by 41.1% during the 2nd quarter. Invesco Ltd. now owns 30,434 shares of the company's stock worth $355,000 after purchasing an additional 8,867 shares in the last quarter. 2.97% of the stock is owned by institutional investors.

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.