Equities research analysts at UBS AG dropped their EPS estimates on shares of Calpine Corp. (NYSE:CPN) in a research note issued to investors on Friday, Analyst RN reports. The firm currently has a “buy” rating and a $22.00 price target on the company’s shares. They previously had a $23.00 price target on the stock. UBS AG’s price target would indicate a potential upside of 12.76% from the company’s current price.
A number of other firms have also recently commented on CPN. Analysts at Deutsche Bank cut their price target on shares of Calpine Corp. from $23.00 to $22.00 in a research note to investors on Wednesday, October 2nd. Separately, analysts at Gabelli initiated coverage on shares of Calpine Corp. in a research note to investors on Friday, September 27th. They set a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Calpine Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 26th. They now have a $18.80 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Calpine Corp. presently has a consensus rating of “Hold” and an average target price of $22.08.
Shares of Calpine Corp. (NYSE:CPN) opened at 19.51 on Friday. Calpine Corp. has a 52-week low of $16.47 and a 52-week high of $22.16. The stock has a 50-day moving average of $19.4 and a 200-day moving average of $20.34. The company has a market cap of $8.565 billion and a price-to-earnings ratio of 26.26.
Calpine Corp. (NYSE:CPN) last announced its earnings results on Thursday, July 25th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.18. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted ($0.69) earnings per share. The company’s quarterly revenue was up 78.8% on a year-over-year basis. Analysts expect that Calpine Corp. will post $0.59 EPS for the current fiscal year.
Calpine Corporation (NYSE:CPN) is an independent wholesale power producer in the United States.
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