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Shares of Calpine (NYSE:CPN) have received an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock, AnalystRatings.Net reports. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.03.

CPN has been the subject of a number of recent research reports. Analysts at Goldman Sachs upgraded shares of Calpine from a “buy” rating to a “conviction-buy” rating in a research note on Monday. They now have a $27.00 price target on the stock, up previously from $25.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Calpine in a research note on Thursday, July 3rd. They now have a $23.00 price target on the stock, down previously from $24.00. Finally, analysts at Zacks downgraded shares of Calpine from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $25.80 price target on the stock.

Calpine (NYSE:CPN) traded down 0.82% on Tuesday, hitting $22.505. The stock had a trading volume of 489,625 shares. 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 $23.26 and its 200-day moving average is $21.47. The company has a market cap of $9.528 billion and a price-to-earnings ratio of 81.62.

Calpine (NYSE:CPN) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.16) earnings per share. Calpine’s revenue was up 58.3% compared to the same quarter last year. Analysts expect that Calpine will post $0.76 EPS for the current fiscal year.

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

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