Capital Power Co. (TSE:CPX) Given Average Recommendation of “Buy” by Brokerages

Capital Power Co. (TSE:CPX) has earned a consensus rating of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$78.56.

Several equities analysts have issued reports on CPX shares. Desjardins set a C$82.00 price objective on shares of Capital Power and gave the company a “top pick” rating in a research note on Tuesday, May 26th. National Bank Financial boosted their price objective on shares of Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, Wells Fargo & Company set a C$70.00 price objective on shares of Capital Power and gave the company an “equal weight” rating in a research note on Tuesday, May 12th.

Insider Transactions at Capital Power

In other news, insider Jason Daniel Comandante sold 1,276 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of C$70.89, for a total transaction of C$90,455.64. Following the transaction, the insider directly owned 8,711 shares of the company’s stock, valued at C$617,522.79. This represents a 12.78% decrease in their position. Corporate insiders own 0.17% of the company’s stock.

Capital Power Stock Performance

Shares of CPX opened at C$74.70 on Tuesday. The company has a debt-to-equity ratio of 146.00, a quick ratio of 0.55 and a current ratio of 0.69. The stock has a market capitalization of C$11.69 billion, a P/E ratio of -679.09, a P/E/G ratio of 0.91 and a beta of 0.60. The company’s fifty day moving average is C$67.95 and its two-hundred day moving average is C$63.83. Capital Power has a 1 year low of C$54.03 and a 1 year high of C$75.13.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$1.18 billion for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. On average, sell-side analysts predict that Capital Power will post 2.8197088 earnings per share for the current year.

Capital Power Company Profile

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.