Capital Power (TSE:CPX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Capital Power (TSE:CPX) had its target price upped by BMO Capital Markets from C$75.00 to C$85.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 11.77% from the company’s current price.

Several other equities research analysts have also recently commented on CPX. Wells Fargo & Company set a C$70.00 target price on Capital Power and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. 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. Finally, Desjardins raised their price target on Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a report on Friday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$80.00.

Capital Power Price Performance

Shares of CPX traded up C$1.65 during mid-day trading on Thursday, hitting C$76.05. 461,862 shares of the company traded hands, compared to its average volume of 679,368. Capital Power has a one year low of C$55.09 and a one year high of C$76.23. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00. The business has a 50-day moving average of C$69.65 and a 200 day moving average of C$64.82. The stock has a market capitalization of C$11.90 billion, a price-to-earnings ratio of -691.36, a PEG ratio of 0.91 and a beta of 0.63.

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

Insider Activity

In other news, insider Jason Daniel Comandante sold 1,500 shares of the firm’s 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 sale, the insider owned 8,711 shares of the company’s stock, valued at C$652,279.68. This trade represents a 14.69% decrease in their ownership of the stock. 0.17% of the stock is owned by company 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.