Capital Power (TSE:CPX – Get Free Report) had its price objective boosted by equities researchers at TD Securities from C$47.00 to C$48.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 11.37% from the company’s previous close.
CPX has been the subject of a number of other research reports. Royal Bank of Canada cut their price target on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a research note on Thursday, May 2nd. ATB Capital lifted their target price on shares of Capital Power from C$40.00 to C$42.00 in a research note on Wednesday, July 24th. Scotiabank lifted their target price on shares of Capital Power from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 12th. National Bankshares lifted their target price on shares of Capital Power from C$43.00 to C$44.00 in a research note on Thursday. Finally, CIBC raised their price target on shares of Capital Power from C$41.00 to C$42.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$46.91.
Check Out Our Latest Report on CPX
Capital Power Stock Performance
Capital Power (TSE:CPX – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$1.57 EPS for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.93. The firm had revenue of C$1.12 billion during the quarter. Capital Power had a net margin of 16.78% and a return on equity of 19.80%. As a group, analysts predict that Capital Power will post 3.1603928 earnings per share for the current fiscal year.
Insider Activity
In other news, Senior Officer Bryan Deneve purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of C$35.80 per share, with a total value of C$179,005.00. 0.17% of the stock is owned by company insiders.
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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