Capital Power (TSE:CPX – Get Free Report) had its price target raised by analysts at Scotiabank from C$43.00 to C$46.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 6.90% from the company’s previous close.
Other analysts also recently issued reports about the stock. TD Securities lifted their price objective on shares of Capital Power from C$47.00 to C$48.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada dropped their target price on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a report on Thursday, May 2nd. Raymond James lowered their price target on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. CIBC boosted their target price on Capital Power from C$41.00 to C$42.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, ATB Capital boosted their price target on Capital Power from C$40.00 to C$42.00 in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$46.91.
Capital Power Trading Up 0.8 %
Capital Power (TSE:CPX – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.64 by C$0.93. Capital Power had a return on equity of 19.80% and a net margin of 16.78%. The business had revenue of C$1.12 billion for the quarter. Analysts forecast that Capital Power will post 3.1603928 EPS for the current year.
Insider Transactions at Capital Power
In other Capital Power news, Senior Officer Bryan Deneve bought 5,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of C$37.14 per share, for a total transaction of C$185,700.00. Insiders own 0.17% of the company’s stock.
About Capital Power
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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