Share on StockTwits

Calpine (NYSE:CPN) has earned an average rating of “Buy” from the fourteen analysts that are presently covering the company, reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $24.68.

Calpine (NYSE:CPN) opened at 23.92 on Wednesday. Calpine has a 52-week low of $18.46 and a 52-week high of $24.24. The stock’s 50-day moving average is $23.08 and its 200-day moving average is $20.6. The company has a market cap of $10.127 billion and a price-to-earnings ratio of 86.04.

Calpine (NYSE:CPN) last released its earnings data on Thursday, May 1st. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.02. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 58.3% on a year-over-year basis. Analysts expect that Calpine will post $0.80 EPS for the current fiscal year.

CPN has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Calpine from $25.00 to $27.00 in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Calpine from $22.00 to $25.00 in a research note on Monday, May 12th. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks upgraded shares of Calpine from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 6th. They now have a $24.60 price target on the stock.

Calpine Corporation (NYSE:CPN) is an independent wholesale power producer in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.