Central Puerto S.A. Sponsored ADR (NYSE:CEPU – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $10.31 and last traded at $10.2610, with a volume of 205,261 shares traded. The stock had previously closed at $10.61.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Bank of America dropped their target price on Central Puerto from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, September 17th. Wall Street Zen lowered Central Puerto from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Central Puerto in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Central Puerto currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.
Get Our Latest Stock Analysis on CEPU
Central Puerto Trading Down 2.7%
The company’s 50 day moving average price is $12.96 and its 200 day moving average price is $14.61. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 3.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.28.
Central Puerto Announces Dividend
The firm also recently disclosed a special dividend, which was paid on Wednesday, October 7th. Investors of record on Monday, September 28th were issued a $1.0758 dividend. The ex-dividend date was Monday, September 28th. Central Puerto’s dividend payout ratio is currently 29.67%.
Hedge Funds Weigh In On Central Puerto
Several hedge funds have recently bought and sold shares of the business. Tidal Investments LLC bought a new position in Central Puerto during the second quarter valued at about $159,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Central Puerto during the 1st quarter worth about $271,000. Walleye Capital LLC bought a new stake in shares of Central Puerto during the 1st quarter worth about $1,349,000. Bank of America Corp DE boosted its stake in shares of Central Puerto by 285.7% during the 1st quarter. Bank of America Corp DE now owns 132,818 shares of the company’s stock worth $2,235,000 after acquiring an additional 98,380 shares in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Central Puerto during the 1st quarter valued at about $4,814,000. 2.97% of the stock is owned by institutional investors and hedge funds.
About Central Puerto
Central Puerto SA is an Argentine electricity generation company that develops, owns and operates power-generation facilities. Its portfolio includes thermal, hydroelectric and renewable energy assets, enabling the company to supply electricity from a range of generation technologies.
The company sells power primarily through Argentina’s wholesale electricity market and serves the country’s electric system. Its operations are concentrated in Argentina, where it supplies electricity to the national grid and participates in the development and expansion of domestic generation capacity.
Central Puerto was established during the restructuring and privatization of Argentina’s electricity sector and has expanded its generation portfolio through investments in conventional and renewable energy projects.
Read More
- Five stocks we like better than Central Puerto
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Central Puerto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Puerto and related companies with MarketBeat.com's FREE daily email newsletter.
