Brokerages Set Capital Power Co. (TSE:CPX) PT at C$80.11

Shares of Capital Power Co. (TSE:CPX) have earned an average recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$80.11.

A number of research firms have recently weighed in on CPX. Wells Fargo & Company increased their price target on Capital Power from C$72.00 to C$75.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce dropped their price objective on Capital Power from C$85.00 to C$83.00 in a report on Thursday, July 30th. Scotiabank reduced 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. Desjardins boosted their target price on 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. Finally, 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 research note on Monday, June 1st.

Capital Power Trading Down 2.0%

Shares of TSE CPX opened at C$60.82 on Friday. The company’s 50 day simple moving average is C$67.61 and its 200 day simple moving average is C$67.26. Capital Power has a fifty-two week low of C$56.48 and a fifty-two week high of C$77.02. The firm has a market capitalization of C$9.55 billion, a P/E ratio of 106.70, a P/E/G ratio of 0.91 and a beta of 0.61. 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 announced 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 net margin of 3.05% and a return on equity of 2.31%. On average, analysts predict that Capital Power will post 2.8197088 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jason Daniel Comandante sold 1,500 shares of the business’s 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 completion of the transaction, the insider owned 8,711 shares in the company, valued at approximately C$652,279.68. The trade was a 14.69% decrease in their ownership of the stock. 0.17% of the stock is owned by insiders.

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.