Capital Power (TSE:CPX) Hits New 1-Year High – Here’s Why

Capital Power Co. (TSE:CPX) hit a new 52-week high during 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 changing hands. The stock had previously closed at C$73.53.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CPX shares. National Bank Financial boosted their target price on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Desjardins set a C$82.00 price target on shares of Capital Power and gave the company a “top pick” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company set a C$70.00 price target on shares of Capital Power and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$78.56.

Capital Power Price Performance

The company has a market capitalization of C$11.69 billion, a P/E ratio of -679.09, a PEG ratio of 0.91 and a beta of 0.60. The stock’s fifty day simple moving average is C$67.95 and its 200-day simple moving average is C$63.83. The company has a debt-to-equity ratio of 146.00, a current ratio of 0.69 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last posted its quarterly earnings data 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 business had revenue of C$1.18 billion for the quarter. On average, equities analysts forecast that Capital Power Co. will post 2.8197088 earnings per share for the current fiscal year.

Insider Transactions at Capital Power

In other Capital Power news, insider Jason Daniel Comandante sold 1,276 shares of Capital Power stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$70.89, for a total value 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. The trade was a 12.78% decrease in their position. 0.17% of the stock is owned by company insiders.

About Capital Power

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.