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

Shares of Capital Power Co. (TSE:CPX) have earned an average recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two investment 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 1-year price objective among brokers that have issued ratings on the stock in the last year is C$80.00.

A number of research firms have issued reports on CPX. BMO Capital Markets increased their price target on Capital Power from C$75.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. 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. Desjardins increased their target price on shares of Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research note on Friday, July 3rd. Finally, National Bank Financial raised their price target on shares of Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Monday, June 1st.

Insider Buying and Selling at Capital Power

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

Capital Power Stock Performance

CPX stock opened at C$71.74 on Friday. The firm has a market cap of C$11.23 billion, a PE ratio of -652.18, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00. The stock has a 50-day moving average price of C$71.59 and a 200-day moving average price of C$65.95. Capital Power has a 1-year low of C$56.08 and a 1-year high of C$77.02.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The company had revenue of C$1.18 billion for the quarter. As a group, equities research analysts expect 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.