Capital Power Co. (TSE:CPX) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Capital Power Co. (TSE:CPX) have received an average recommendation of “Buy” from the ten research firms 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 assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$80.00.

A number of research analysts have recently commented on CPX shares. BMO Capital Markets boosted their price target on shares of Capital Power from C$75.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. National Bank Financial increased their price objective on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Wells Fargo & Company set a C$70.00 price objective on Capital Power and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Desjardins lifted their price objective on Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a research note on Friday, July 3rd.

Capital Power Price Performance

Shares of TSE:CPX opened at C$71.46 on Friday. The company has a 50 day moving average of C$70.78 and a 200 day moving average of C$65.47. The stock has a market cap of C$11.18 billion, a P/E ratio of -649.64, a P/E/G ratio of 0.91 and a beta of 0.63. Capital Power has a 12 month low of C$56.08 and a 12 month high of C$77.02. 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 posted its earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The business had revenue of C$1.18 billion for the quarter. As a group, sell-side analysts forecast that Capital Power will post 2.8197088 EPS for the current fiscal year.

Insider Buying and Selling at Capital Power

In other Capital Power news, insider Jason Daniel Comandante sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total value of C$112,320.00. Following the sale, the insider owned 8,711 shares of the company’s stock, valued at C$652,279.68. This trade represents a 14.69% decrease in their position. 0.17% of the stock is currently owned by insiders.

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.