Capital Power (TSE:CPX) Price Target Raised to C$88.00 at Desjardins

Capital Power (TSE:CPX) had its price target increased by stock analysts at Desjardins from C$82.00 to C$88.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “top pick” rating on the stock. Desjardins’ target price would suggest a potential upside of 19.24% from the company’s current price.

Several other equities analysts have also recently commented on CPX. National Bank Financial upped their price target on Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Wells Fargo & Company set a C$70.00 price objective on Capital Power and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Capital Power has an average rating of “Buy” and an average target price of C$79.22.

Capital Power Stock Performance

TSE CPX traded up C$2.05 during midday trading on Friday, hitting C$73.80. The company had a trading volume of 104,964 shares, compared to its average volume of 679,817. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00. The stock has a market cap of C$11.55 billion, a price-to-earnings ratio of -670.91, a P/E/G ratio of 0.91 and a beta of 0.60. The firm has a fifty day simple moving average of C$69.09 and a two-hundred day simple moving average of C$64.46. Capital Power has a fifty-two week low of C$54.23 and a fifty-two week high of C$75.70.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The business had revenue of C$1.18 billion during the quarter. Equities analysts forecast that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jason Daniel Comandante sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total value of C$112,320.00. Following the sale, 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 position. 0.17% of the stock is currently owned by corporate insiders.

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.