Capital Power Co. (TSE:CPX) Receives C$80.00 Average PT from Analysts

Shares of Capital Power Co. (TSE:CPX) have received an average recommendation of “Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$80.00.

A number of research firms recently commented on CPX. National Bank Financial lifted their price objective on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Wells Fargo & Company set a C$70.00 target price on shares of Capital Power and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Desjardins upped their target price on shares of Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a report on Friday, July 3rd. Finally, BMO Capital Markets raised their price target on shares of Capital Power from C$75.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th.

Insider Activity

In related news, insider Jason Daniel Comandante sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total transaction of C$112,320.00. Following the transaction, the insider owned 8,711 shares of the company’s stock, valued at approximately C$652,279.68. This represents a 14.69% decrease in their ownership of the stock. Insiders own 0.17% of the company’s stock.

Capital Power Price Performance

CPX stock opened at C$73.05 on Friday. The stock’s 50 day moving average price is C$71.24 and its 200 day moving average price is C$65.81. The firm has a market cap of C$11.43 billion, a P/E ratio of -664.09, a PEG ratio of 0.91 and a beta of 0.63. The company has a debt-to-equity ratio of 146.00, a quick ratio of 0.55 and a current ratio of 0.69. Capital Power has a 1 year low of C$56.08 and a 1 year high of C$77.02.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The company had revenue of C$1.18 billion during the quarter. On average, sell-side analysts expect that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

About Capital Power

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.