Central Puerto (NYSE:CEPU) Trading Up 9.7% - Here's What Happened

Key Points

• Central Puerto's stock price increased by 9.7% on Thursday, reaching a last traded price of $9.81 after closing at $8.94.
• Analysts' ratings on Central Puerto are mixed, with a consensus rating of "Sell" while Wall Street Zen upgraded it to a "strong-buy."
• The company reported $0.48 EPS for the last quarter with a revenue of $179.60 million and has a market capitalization of $1.52 billion.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report)'s stock price was up 9.7% on Thursday . The company traded as high as $9.74 and last traded at $9.81. Approximately 259,582 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 326,538 shares. The stock had previously closed at $8.94.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CEPU shares. Wall Street Zen raised shares of Central Puerto from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Weiss Ratings reissued a "sell (d+)" rating on shares of Central Puerto in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Central Puerto has a consensus rating of "Sell".

Central Puerto Trading Up 12.0%

The company has a market capitalization of $1.52 billion, a PE ratio of 10.36 and a beta of 1.07. The firm's 50 day simple moving average is $9.34 and its 200-day simple moving average is $10.97. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.09.

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

Institutional Trading of Central Puerto

A number of large investors have recently modified their holdings of CEPU. Bank of America Corp DE increased 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 buying an additional 2,460 shares during the period. Jane Street Group LLC increased its stake in Central Puerto by 6.9% during the 2nd quarter. Jane Street Group LLC now owns 53,073 shares of the company's stock valued at $620,000 after buying an additional 3,424 shares during the period. Advisors Preferred LLC acquired a new position in Central Puerto during the 1st quarter valued at about $53,000. Ping Capital Management Inc. increased its stake in Central Puerto by 7.0% during the 1st quarter. Ping Capital Management Inc. now owns 92,000 shares of the company's stock valued at $1,020,000 after buying an additional 6,000 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Central Puerto by 41.1% in the second quarter. Invesco Ltd. now owns 30,434 shares of the company's stock worth $355,000 after buying an additional 8,867 shares during the period. Institutional investors and hedge funds own 2.97% of the company's stock.

About Central Puerto

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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