Raymond James Brokers Reduce Earnings Estimates for Capital Power Co. (TSE:CPX)

Capital Power Co. (TSE:CPX – Get Rating) – Stock analysts at Raymond James decreased their Q3 2022 EPS estimates for Capital Power in a report released on Tuesday, August 2nd. Raymond James analyst D. Quezada now expects that the company will post earnings per share of $0.56 for the quarter, down from their previous forecast of $0.61. Raymond James currently has a “Market Perform” rating and a $49.00 target price on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.42 per share. Raymond James also issued estimates for Capital Power’s FY2022 earnings at $3.01 EPS and FY2023 earnings at $3.01 EPS.

A number of other equities analysts have also commented on CPX. TD Securities raised their price objective on shares of Capital Power from C$53.00 to C$55.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets boosted their target price on Capital Power from C$46.00 to C$49.00 in a research report on Wednesday. National Bankshares raised their price target on Capital Power from C$50.00 to C$52.00 and gave the company an “outperform” rating in a report on Wednesday. Scotiabank boosted their price objective on Capital Power from C$46.00 to C$49.00 in a report on Wednesday. Finally, ATB Capital raised their target price on shares of Capital Power from C$46.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$50.70.

Capital Power Price Performance

CPX opened at C$49.33 on Thursday. The company has a market capitalization of C$5.75 billion and a price-to-earnings ratio of 94.87. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 110.14. The firm has a 50-day moving average price of C$46.21 and a 200-day moving average price of C$42.96. Capital Power has a twelve month low of C$36.65 and a twelve month high of C$49.87.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Bryan Deneve sold 1,600 shares of the stock in a transaction on Monday, May 9th. The shares were sold at an average price of C$43.85, for a total transaction of C$70,160.00. Following the transaction, the insider now owns 18,400 shares of the company’s stock, valued at approximately C$806,840. In other news, Senior Officer Bryan Deneve sold 1,600 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of C$43.85, for a total value of C$70,160.00. Following the completion of the sale, the insider now owns 18,400 shares of the company’s stock, valued at approximately C$806,840. Also, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of C$44.72, for a total value of C$268,338.00. Following the transaction, the insider now owns 24,549 shares in the company, valued at C$1,097,904.93.

Capital Power Company Profile

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Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 6,600 megawatts of power generation capacity at 26 facilities.