Analysts Set Capital Power Co. (TSE:CPX) Price Target at C$80.11

Capital Power Co. (TSE:CPXGet Free Report) has received a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$80.11.

Several equities research analysts have commented on the stock. Desjardins boosted their price target 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. Scotiabank reduced their price objective on shares of Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating for the company in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Capital Power from C$85.00 to C$83.00 in a research note on Thursday, July 30th. BMO Capital Markets dropped their target price on shares of Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company increased 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, July 27th.

Read Our Latest Analysis on Capital Power

Capital Power Stock Up 1.3%

CPX opened at C$67.31 on Wednesday. Capital Power has a one year low of C$56.25 and a one year high of C$77.02. The company has a debt-to-equity ratio of 150.64, a quick ratio of 0.55 and a current ratio of 0.80. The stock’s fifty day moving average is C$70.99 and its 200-day moving average is C$66.71. The company has a market capitalization of C$10.57 billion, a PE ratio of 118.09, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPXGet Free Report) last announced its earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share for the quarter. The firm had revenue of C$714.00 million for the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. On average, equities analysts predict that Capital Power will post 2.8197088 EPS for the current fiscal year.

Insider Transactions at Capital Power

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 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 owned 8,711 shares in the company, valued at approximately C$652,279.68. The trade was a 14.69% decrease in their ownership of the stock. Company insiders own 0.17% of the company’s stock.

Capital Power Company Profile

(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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