Shares of Capital Power Corp (TSE:CPX) have been given an average recommendation of “Buy” by the nine brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$30.11.
CPX has been the topic of a number of research reports. CIBC upped their target price on Capital Power from C$29.00 to C$30.00 in a report on Wednesday, October 24th. Industrial Alliance Securities upped their target price on Capital Power from C$30.00 to C$31.00 in a report on Friday, September 7th. BMO Capital Markets upped their target price on Capital Power from C$28.00 to C$29.00 in a report on Friday, September 7th. TD Securities upped their target price on Capital Power from C$29.00 to C$31.00 and gave the company a “buy” rating in a report on Friday, September 7th. Finally, National Bank Financial upped their target price on Capital Power from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, October 30th.
Shares of CPX traded up C$0.86 during trading hours on Monday, reaching C$28.47. The company’s stock had a trading volume of 460,700 shares, compared to its average volume of 247,621. Capital Power has a 1-year low of C$22.15 and a 1-year high of C$29.79. The company has a current ratio of 0.90, a quick ratio of 0.57 and a debt-to-equity ratio of 72.21.
Capital Power (TSE:CPX) last issued its earnings results on Monday, October 29th. The company reported C$0.35 earnings per share for the quarter. The business had revenue of C$389.00 million during the quarter. Sell-side analysts predict that Capital Power will post 2.0499999517385 EPS for the current fiscal year.
In other news, Director Brian Tellef Vaasjo acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were purchased at an average price of C$26.14 per share, for a total transaction of C$78,420.00.
Capital Power Company Profile
Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 4,500 megawatts of power generation capacity.
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