Capital Power (TSE:CPX) PT Raised to C$44.00


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Capital Power (TSE:CPX) had its price objective hoisted by TD Securities from C$43.00 to C$44.00 in a report issued on Monday, Price Targets.com reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 10.19% from the company’s current price.

CPX has been the topic of several other research reports. BMO Capital Markets lifted their price target on shares of Capital Power from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Monday. CIBC lifted their price target on shares of Capital Power from C$40.00 to C$41.00 and gave the company a “neutral” rating in a research report on Monday. Raymond James lifted their price target on shares of Capital Power from C$42.00 to C$44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. ATB Capital lifted their price target on shares of Capital Power from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, Royal Bank of Canada lifted their price target on shares of Capital Power from C$38.00 to C$41.00 and gave the company a “sector perform” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$43.18.

CPX opened at C$39.93 on Monday. The company has a debt-to-equity ratio of 129.70, a current ratio of 1.01 and a quick ratio of 0.73. The company’s 50 day simple moving average is C$37.43 and its two-hundred day simple moving average is C$35.19. Capital Power has a 1-year low of C$23.72 and a 1-year high of C$39.99. The firm has a market capitalization of C$4.27 billion and a price-to-earnings ratio of 51.86.

Capital Power (TSE:CPX) last released its earnings results on Friday, February 19th. The company reported C$0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.39 by C($0.27). The business had revenue of C$516.00 million for the quarter. On average, equities analysts anticipate that Capital Power will post 1.79 earnings per share for the current fiscal year.

In other news, Senior Officer Bryan Deneve sold 4,400 shares of Capital Power stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of C$35.25, for a total transaction of C$155,100.00. Following the completion of the sale, the insider now directly owns 90,226 shares of the company’s stock, valued at approximately C$3,180,466.50.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. It generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. The company owns an approximately 6,500 megawatts of power generation capacity at 28 facilities.

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Analyst Recommendations for Capital Power (TSE:CPX)

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