Capital Power (TSE:CPX) Price Target Raised to C$88.00 at Desjardins

Capital Power (TSE:CPX) had its target price boosted by Desjardins from C$82.00 to C$88.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “top pick” rating on the stock. Desjardins’ price target would indicate a potential upside of 19.24% from the company’s current price.

A number of other analysts have also weighed in on CPX. National Bank Financial raised their target price on Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. 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 report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$79.22.

Capital Power Price Performance

Capital Power stock traded up C$2.05 during trading hours on Friday, hitting C$73.80. 104,964 shares of the stock were exchanged, compared to its average volume of 679,817. The stock has a market capitalization of C$11.55 billion, a P/E ratio of -670.91, a P/E/G ratio of 0.91 and a beta of 0.60. The business’s 50-day moving average is C$69.09 and its two-hundred day moving average is C$64.46. The company has a debt-to-equity ratio of 146.00, a quick ratio of 0.55 and a current ratio of 0.69. Capital Power has a 12 month low of C$54.23 and a 12 month high of C$75.70.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$1.18 billion for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%. Equities research analysts expect that Capital Power will post 2.8197088 EPS for the current fiscal year.

Insider Transactions at Capital Power

In related 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 transaction, the insider owned 8,711 shares in the company, valued at C$652,279.68. This trade represents a 14.69% decrease in their ownership of the stock. 0.17% of the stock is currently owned by corporate 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.