Capital Power (TSE:CPX) Sets New 52-Week High – Should You Buy?

Capital Power Co. (TSE:CPX)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$75.13 and last traded at C$74.70, with a volume of 658775 shares traded. The stock had previously closed at C$73.53.

Analyst Upgrades and Downgrades

CPX has been the topic of several research analyst reports. Wells Fargo & Company set a C$70.00 target price on Capital Power and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. 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. Finally, National Bank Financial lifted their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$78.56.

Capital Power Trading Up 1.6%

The firm has a market capitalization of C$11.69 billion, a price-to-earnings ratio of -679.09, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. The company has a fifty day moving average price of C$67.95 and a 200-day moving average price of C$63.83. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. The firm 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, equities research analysts predict that Capital Power Co. will post 2.8197088 EPS for the current year.

Insider Activity

In related news, insider Jason Daniel Comandante sold 1,276 shares of Capital Power stock in a transaction on Monday, June 1st. The shares were sold at an average price of C$70.89, for a total value of C$90,455.64. Following the completion of the sale, the insider owned 8,711 shares of the company’s stock, valued at approximately C$617,522.79. The trade was a 12.78% decrease in their position. Insiders own 0.17% of the company’s stock.

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.