Capital Power (TSE:CPX – Get Free Report) had its price objective lowered by CIBC from C$40.00 to C$39.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 8.18% from the stock’s previous close.
Several other equities analysts have also recently commented on the company. ATB Capital cut their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th. Scotiabank cut their target price on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 17th. National Bankshares lowered their price target on Capital Power from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Thursday. TD Securities dropped their price objective on Capital Power from C$49.00 to C$47.00 in a research note on Thursday. Finally, Raymond James reduced their price target on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$44.45.
Check Out Our Latest Research Report on Capital Power
Capital Power Price Performance
Capital Power (TSE:CPX – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.02. The business had revenue of C$984.00 million for the quarter. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. On average, analysts anticipate that Capital Power will post 3.2094897 earnings per share for the current fiscal year.
Insider Transactions at Capital Power
In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. Insiders own 0.17% of the company’s stock.
Capital Power Company Profile
Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.
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