Capital Power (TSE:CPX – Get Free Report) posted its earnings results on Wednesday. The company reported C($0.33) EPS for the quarter, FiscalAI reports. The firm had revenue of C$714.00 million for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.
Capital Power Stock Performance
TSE:CPX traded down C$2.81 during trading hours on Wednesday, reaching C$65.36. 357,351 shares of the stock were exchanged, compared to its average volume of 671,182. The stock has a market capitalization of C$10.23 billion, a P/E ratio of -594.18, a P/E/G ratio of 0.91 and a beta of 0.63. The firm has a 50 day simple moving average of C$71.82 and a 200-day simple moving average of C$66.14. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00. Capital Power has a 52 week low of C$56.08 and a 52 week high of C$77.02.
Analyst Ratings Changes
Several brokerages recently weighed in on CPX. National Bank Financial increased their target price on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Desjardins increased their target price on shares of Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research report on Friday, July 3rd. BMO Capital Markets lifted their price target on shares of 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. Finally, Wells Fargo & Company raised their target price on shares of Capital Power from C$72.00 to C$75.00 and gave the company an “equal weight” rating in a research note on Monday. Two research 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 MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$80.56.
Insider Buying and Selling at Capital Power
In other news, insider Jason Daniel Comandante sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total value of C$112,320.00. Following the transaction, the insider directly owned 8,711 shares in the company, valued at approximately C$652,279.68. This trade represents a 14.69% decrease in their position. Company insiders own 0.17% of the company’s stock.
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.
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