Wells Fargo & Company Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPXGet Free Report) had its target price boosted by equities research analysts at Wells Fargo & Company from C$72.00 to C$75.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 6.93% from the stock’s current price.

A number of other research analysts have also weighed in on CPX. BMO Capital Markets raised their price objective on Capital Power from C$75.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. National Bank Financial increased 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 analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Capital Power has an average rating of “Buy” and an average target price of C$80.56.

Get Our Latest Stock Report on CPX

Capital Power Price Performance

Shares of Capital Power stock traded down C$1.60 on Monday, hitting C$70.14. 279,474 shares of the company traded hands, compared to its average volume of 670,295. Capital Power has a 52 week low of C$56.08 and a 52 week high of C$77.02. The business has a 50-day simple moving average of C$71.59 and a 200 day simple moving average of C$65.99. The company has a debt-to-equity ratio of 146.00, a quick ratio of 0.55 and a current ratio of 0.69. The stock has a market capitalization of C$10.98 billion, a P/E ratio of -637.64, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63.

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

Insider Buying and Selling

In other Capital Power news, insider Jason Daniel Comandante sold 1,500 shares of the business’s stock in a transaction that occurred on 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 directly owned 8,711 shares of the company’s stock, valued at C$652,279.68. The trade was a 14.69% decrease in their ownership of the stock. Corporate insiders own 0.17% of the company’s stock.

About Capital Power

(Get Free Report)

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.

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Analyst Recommendations for Capital Power (TSE:CPX)

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