Analysts Set Capital Power Co. (TSE:CPX) Price Target at C$78.56

Capital Power Co. (TSE:CPX) has been assigned an average rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$78.56.

A number of brokerages have commented on CPX. Wells Fargo & Company set a C$70.00 price target on shares of Capital Power and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Desjardins set a C$82.00 price target on shares of Capital Power and gave the company a “top pick” rating in a research report on Tuesday, May 26th. Finally, National Bank Financial increased their price target on shares of Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research report on Monday, June 1st.

Capital Power Price Performance

CPX stock opened at C$74.76 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00. The company’s 50 day moving average is C$68.50 and its 200 day moving average is C$64.17. The stock has a market cap of C$11.70 billion, a price-to-earnings ratio of -679.64, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. Capital Power has a 1-year low of C$54.03 and a 1-year high of C$75.70.

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

Insider Buying and Selling

In other Capital Power news, insider Jason Daniel Comandante sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total transaction of C$112,320.00. Following the transaction, the insider directly 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 owned by 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.