Central Puerto (NYSE:CEPU) Shares Gap Up - Still a Buy?

Key Points

• Central Puerto shares gapped up to $8.33 at market opening after closing at $7.68, with a last trading price of $8.55 and a trading volume of 301,642 shares.
• Analysts have upgraded Central Puerto from a "buy" to a "strong-buy" rating, indicating increased confidence in the stock's performance.
• The company reported earnings of $0.48 per share and a net margin of 21.30% for the last quarter, with expectations of $0.63 EPS for the current fiscal year.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $7.68, but opened at $8.33. Central Puerto shares last traded at $8.55, with a volume of 301,642 shares traded.

Analyst Upgrades and Downgrades

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

Central Puerto Stock Up 3.1%

The company has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $11.45. The firm has a market cap of $1.35 billion, a PE ratio of 9.18 and a beta of 1.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.31 and a quick ratio of 1.20.

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

Institutional Trading of Central Puerto

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Central Puerto by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,423,762 shares of the company's stock valued at $26,880,000 after purchasing an additional 140,299 shares during the period. Jane Street Group LLC purchased a new stake in shares of Central Puerto in the fourth quarter valued at approximately $405,000. Tidal Investments LLC purchased a new stake in shares of Central Puerto in the fourth quarter valued at approximately $176,000. GAMMA Investing LLC boosted its holdings in shares of Central Puerto by 863.3% in the first quarter. GAMMA Investing LLC now owns 95,773 shares of the company's stock valued at $1,062,000 after purchasing an additional 85,831 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Central Puerto in the first quarter valued at approximately $688,000. 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.