Capital Power Co. (TSE:CPX) Given Average Rating of “Buy” by Brokerages

Capital Power Co. (TSE:CPX) has earned a consensus rating of “Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$80.11.

A number of equities analysts have recently weighed in on CPX shares. Wells Fargo & Company lifted their price target on shares of Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. BMO Capital Markets dropped their price objective on Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Desjardins raised their price objective on Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research note on Friday, July 3rd. Canadian Imperial Bank of Commerce reduced their target price on Capital Power from C$85.00 to C$83.00 in a report on Thursday, July 30th. Finally, Scotiabank decreased their target price on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 30th.

Insider Buying and Selling at Capital Power

In other news, insider Jason Daniel Comandante sold 1,500 shares of Capital Power stock in a transaction dated 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 transaction, the insider owned 8,711 shares in the company, valued at C$652,279.68. The trade was a 14.69% decrease in their position. 0.17% of the stock is owned by company insiders.

Capital Power Stock Down 1.1%

Capital Power stock opened at C$66.51 on Wednesday. The company’s 50 day simple moving average is C$70.86 and its 200 day simple moving average is C$66.82. Capital Power has a fifty-two week low of C$56.25 and a fifty-two week high of C$77.02. The firm has a market capitalization of C$10.45 billion, a price-to-earnings ratio of 116.68, a PEG ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 150.64, a current ratio of 0.80 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. The firm had revenue of C$714.00 million during the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. As a group, sell-side analysts anticipate that Capital Power will post 2.8197088 EPS for the current year.

About Capital Power

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.