Raymond James Comments on Capital Power Co.’s Q3 2024 Earnings (TSE:CPX)

Capital Power Co. (TSE:CPX) – Equities research analysts at Raymond James lifted their Q3 2024 earnings per share (EPS) estimates for Capital Power in a report released on Wednesday, July 24th. Raymond James analyst D. Quezada now forecasts that the company will earn $1.06 per share for the quarter, up from their prior forecast of $1.02. Raymond James has a “Market Perform” rating and a $45.00 price target on the stock. The consensus estimate for Capital Power’s current full-year earnings is $3.16 per share. Raymond James also issued estimates for Capital Power’s FY2024 earnings at $4.31 EPS.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$1.12 billion for the quarter.

A number of other research analysts have also recently issued reports on the company. TD Securities reduced their price objective on Capital Power from C$49.00 to C$47.00 in a research note on Thursday, May 2nd. Royal Bank of Canada reduced their price objective on Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 2nd. Scotiabank raised their price objective on 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. CIBC increased their target price on shares of Capital Power from C$41.00 to C$42.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, Desjardins dropped their target price on shares of Capital Power from C$53.00 to C$52.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Capital Power has an average rating of “Hold” and a consensus price target of C$45.36.

Capital Power Stock Up 0.1 %

Shares of TSE:CPX opened at C$41.46 on Monday. The stock’s 50-day moving average price is C$40.00 and its 200-day moving average price is C$38.17. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$42.37. The stock has a market capitalization of C$5.35 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 125.95.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 2,441 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$40.38, for a total value of C$98,577.10. 0.17% of the stock is currently owned by company insiders.

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.