Capital Power Co. (TSE:CPX) Receives C$80.00 Consensus Target Price from Brokerages

Shares of Capital Power Co. (TSE:CPX) have been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$80.00.

CPX has been the subject of several recent analyst reports. Desjardins upped their price objective on shares of Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a research note on Friday, July 3rd. Wells Fargo & Company set a C$70.00 price target on Capital Power and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. National Bank Financial raised their target price on shares of 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, BMO Capital Markets lifted their target price on shares of Capital Power from C$75.00 to C$85.00 and gave the company an “outperform” rating in a report on Thursday, July 9th.

Insider Activity at Capital Power

In other news, insider Jason Daniel Comandante sold 1,500 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total value of C$112,320.00. Following the sale, the insider directly owned 8,711 shares of the company’s stock, valued at approximately C$652,279.68. This represents a 14.69% decrease in their ownership of the stock. Corporate insiders own 0.17% of the company’s stock.

Capital Power Price Performance

CPX opened at C$71.77 on Friday. The company has a debt-to-equity ratio of 146.00, a current ratio of 0.69 and a quick ratio of 0.55. The stock’s 50 day simple moving average is C$70.88 and its 200 day simple moving average is C$65.61. The firm has a market cap of C$11.23 billion, a price-to-earnings ratio of -652.45, a PEG ratio of 0.91 and a beta of 0.63. Capital Power has a 1 year low of C$56.08 and a 1 year high of C$77.02.

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