National Bank Financial Equities Analysts Lower Earnings Estimates for Capital Power Co. (TSE:CPX)

Share on StockTwits

Capital Power Co. (TSE:CPX) – Research analysts at National Bank Financial reduced their FY2022 earnings per share (EPS) estimates for shares of Capital Power in a report released on Sunday, May 2nd. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $1.98 for the year, down from their prior estimate of $2.01. National Bank Financial currently has a “Outperform” rating and a $45.00 target price on the stock.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Friday, February 19th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.27). The business had revenue of C$516.00 million for the quarter.

CPX has been the subject of several other reports. BMO Capital Markets lifted their price objective on Capital Power from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Monday. Atb Cap Markets lowered shares of Capital Power from an “outperform” rating to a “sector perform” rating in a research report on Monday, April 26th. ATB Capital upped their price objective on shares of Capital Power from C$38.00 to C$40.00 and gave the stock a “sector perform” rating in a report on Monday. Royal Bank of Canada upped their price target on shares of Capital Power from C$38.00 to C$41.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Credit Suisse Group boosted their target price on shares of Capital Power to C$46.00 and gave the company an “outperform” rating in a research note on Tuesday, April 27th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$43.18.

CPX stock opened at C$39.20 on Tuesday. The company has a debt-to-equity ratio of 129.70, a quick ratio of 0.73 and a current ratio of 1.01. Capital Power has a one year low of C$23.72 and a one year high of C$39.86. The stock has a market capitalization of C$4.19 billion and a PE ratio of 50.91. The company has a fifty day moving average of C$37.37 and a 200-day moving average of C$35.15.

In related news, Senior Officer Bryan Deneve sold 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of C$35.25, for a total transaction of C$155,100.00. Following the completion of the transaction, the insider now owns 90,226 shares in the company, valued at approximately C$3,180,466.50.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. It generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. The company owns an approximately 6,500 megawatts of power generation capacity at 28 facilities.

Further Reading: Trading Ex-Dividend Strategy

Earnings History and Estimates for Capital Power (TSE:CPX)

Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with's FREE daily email newsletter.