Capital Power (TSE:CPX) Price Target Raised to C$75.00

Capital Power (TSE:CPX) had its price target increased by Wells Fargo & Company from C$72.00 to C$75.00 in a research report report published on Monday,BayStreet.CA reports. Wells Fargo & Company currently has an equal weight rating on the stock.

CPX has been the topic of a number of other reports. National Bank Financial upped their target price 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. BMO Capital Markets lifted their price target on shares of Capital Power from C$75.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Finally, Desjardins boosted their price target on shares of Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$80.56.

Capital Power Stock Down 3.2%

CPX stock opened at C$66.00 on Monday. The stock’s 50 day simple moving average is C$71.86 and its 200 day simple moving average is C$66.19. Capital Power has a fifty-two week low of C$56.08 and a fifty-two week high of C$77.02. The company has a debt-to-equity ratio of 146.00, a quick ratio of 0.55 and a current ratio of 0.69. The company has a market cap of C$10.33 billion, a P/E ratio of -600.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share (EPS) for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The firm had revenue of C$714.00 million during the quarter. On average, research analysts expect that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Insider Transactions at Capital Power

In other Capital Power news, insider Jason Daniel Comandante sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total transaction of C$112,320.00. Following the completion of the sale, the insider directly owned 8,711 shares of the company’s stock, valued at approximately C$652,279.68. The trade was a 14.69% decrease in their position. Company insiders own 0.17% of the company’s stock.

Capital Power Company Profile

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.