Capital Power (TSE:CPX) Insider Jason Daniel Comandante Sells 1,276 Shares of Stock

Capital Power Co. (TSE:CPX) insider Jason Daniel Comandante sold 1,276 shares of Capital Power stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$70.89, for a total value of C$90,455.64. Following the completion of the sale, the insider directly owned 8,711 shares in the company, valued at approximately C$617,522.79. The trade was a 12.78% decrease in their position.

Capital Power Stock Performance

TSE:CPX opened at C$72.07 on Tuesday. The company has a debt-to-equity ratio of 146.00, a current ratio of 0.69 and a quick ratio of 0.55. Capital Power Co. has a 1 year low of C$54.03 and a 1 year high of C$73.80. The stock’s 50 day simple moving average is C$66.14 and its two-hundred day simple moving average is C$62.74. The company has a market cap of C$11.28 billion, a price-to-earnings ratio of -655.18, a PEG ratio of 0.91 and a beta of 0.54.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. The firm had revenue of C$1.18 billion during the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%. As a group, equities analysts anticipate that Capital Power Co. will post 2.8197088 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPX. National Bank Financial lifted their target price on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Monday. Wells Fargo & Company set a C$70.00 target price on Capital Power and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Finally, Desjardins set a C$82.00 target price on Capital Power and gave the stock a “top pick” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$76.70.

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.