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Shares of Calpine (NYSE:CPN) have received a consensus recommendation of “Buy” from the eleven analysts that are presently covering the company, AnalystRatings.NET reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $25.06.

Shares of Calpine (NYSE:CPN) opened at 23.80 on Friday. 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 $22.42 and its 200-day moving average is $22.07. The company has a market cap of $9.581 billion and a P/E ratio of 31.19.

Calpine (NYSE:CPN) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.35. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company posted ($0.16) earnings per share. Calpine’s revenue was up 23.3% compared to the same quarter last year. Analysts expect that Calpine will post $0.76 EPS for the current fiscal year.

A number of analysts have recently weighed in on CPN shares. Analysts at Jefferies Group raised their price target on shares of Calpine from $23.00 to $23.50 in a research note on Monday, August 4th. They now have a “hold” rating on the stock. Separately, analysts at ISI Group raised their price target on shares of Calpine from $22.50 to $24.00 in a research note on Monday, August 4th. Finally, analysts at Goldman Sachs upgraded shares of Calpine from a “buy” rating to a “conviction-buy” rating in a research note on Monday, July 28th. They now have a $27.00 price target on the stock, up previously from $25.00.

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

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