TD Reiterates C$80.00 Price Target for Capital Power (TSE:CPX)

TD set a C$80.00 price target on Capital Power (TSE:CPX) in a research report released on Thursday,BayStreet reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently weighed in on CPX. Desjardins increased their price target on shares of Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research report on Friday, July 3rd. Canadian Imperial Bank of Commerce reduced their price objective on Capital Power from C$85.00 to C$83.00 in a research note on Thursday, July 30th. BMO Capital Markets decreased their target price on Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Scotiabank decreased their target price on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. Finally, National Bank Financial lifted their target price on Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Capital Power presently has a consensus rating of “Buy” and a consensus target price of C$80.10.

Capital Power Price Performance

Shares of CPX opened at C$61.38 on Thursday. The firm has a fifty day simple moving average of C$66.21 and a two-hundred day simple moving average of C$67.15. The firm has a market cap of C$9.64 billion, a PE ratio of 107.68, a P/E/G ratio of 0.91 and a beta of 0.61. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 150.64. Capital Power has a 1-year low of C$56.48 and a 1-year high of C$77.02.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($0.33) earnings per share (EPS) for the quarter. The business had revenue of C$714.00 million during the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. On average, equities analysts anticipate that Capital Power will post 2.8197088 EPS for the current year.

Insider Buying and Selling

In other Capital Power news, insider Jason Daniel Comandante sold 1,500 shares of Capital Power 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 C$652,279.68. The trade was a 14.69% decrease in their ownership of the stock. 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.