Capital Power Co. (TSE:CPX – Get Free Report) has been given a consensus rating of “Buy” by the ten ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$80.11.
A number of equities research analysts have issued reports on the stock. BMO Capital Markets cut their target price on shares of Capital Power from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce decreased their target price on shares of Capital Power from C$85.00 to C$83.00 in a research report on Thursday, July 30th. Desjardins raised their price target on shares of 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. National Bank Financial upped their price objective on shares of Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, Scotiabank decreased their price target on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 30th.
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Capital Power Stock Performance
Capital Power (TSE:CPX – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share for the quarter. The company had revenue of C$714.00 million during the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. As a group, equities analysts predict that Capital Power will post 2.8197088 EPS for the current fiscal year.
Insider Buying and Selling
In other Capital Power news, insider Jason Daniel Comandante sold 1,500 shares of Capital Power 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 approximately C$652,279.68. The trade was a 14.69% decrease in their ownership of the stock. 0.17% of the stock is currently owned by company insiders.
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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