Capital Power Corp (TSE:CPX) – Research analysts at Raymond James decreased their Q2 2019 earnings estimates for shares of Capital Power in a research report issued on Tuesday, May 14th. Raymond James analyst D. Quezada now anticipates that the company will post earnings of $0.33 per share for the quarter, down from their previous forecast of $0.59. Raymond James has a “Outperform” rating and a $35.50 price objective on the stock. Raymond James also issued estimates for Capital Power’s FY2019 earnings at $1.29 EPS and FY2020 earnings at $1.59 EPS.
Several other research firms have also issued reports on CPX. CSFB increased their price target on shares of Capital Power from C$28.00 to C$32.00 in a research report on Thursday, April 25th. CIBC increased their price target on shares of Capital Power from C$30.00 to C$31.50 in a research report on Wednesday, April 3rd. National Bank Financial set a C$38.00 price target on shares of Capital Power and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. BMO Capital Markets lowered shares of Capital Power from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$31.00 to C$30.00 in a research report on Thursday, May 9th. Finally, Royal Bank of Canada increased their price target on shares of Capital Power from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 20th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$32.69.
TSE:CPX opened at C$29.81 on Friday. Capital Power has a 12-month low of C$24.69 and a 12-month high of C$32.44. The company has a debt-to-equity ratio of 81.76, a current ratio of 0.95 and a quick ratio of 0.57. The stock has a market capitalization of $3.04 billion and a P/E ratio of 12.20.
Capital Power (TSE:CPX) last posted its quarterly earnings results on Tuesday, February 19th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.50 by C($0.17). The company had revenue of C$335.00 million for the quarter.
In other news, Senior Officer Bryan Deneve sold 20,904 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$30.00, for a total transaction of C$627,120.00. Following the completion of the sale, the insider now owns 83,304 shares of the company’s stock, valued at C$2,499,120. Also, Senior Officer Darcy Trufyn sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$30.68, for a total transaction of C$276,120.00. Following the sale, the insider now directly owns 36,495 shares of the company’s stock, valued at approximately C$1,119,666.60.
About Capital Power
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 5,100 megawatts of power generation capacity.
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