Capital Power (TSE:CPX) Reaches New 12-Month High – Should You Buy?

Capital Power Co. (TSE:CPX) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$73.84 and last traded at C$73.79, with a volume of 55955 shares trading hands. The stock had previously closed at C$72.69.

Wall Street Analyst Weigh In

CPX has been the subject of several analyst reports. 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 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 report on Tuesday, May 26th. Finally, National Bank Financial lifted their price objective on shares of Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$78.56.

Capital Power Trading Up 1.5%

The business’s 50 day moving average is C$67.48 and its two-hundred day moving average is C$63.47. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00. The firm has a market capitalization of C$11.54 billion, a P/E ratio of -670.55, a PEG ratio of 0.91 and a beta of 0.60.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 earnings per share 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. Analysts expect that Capital Power Co. will post 2.8197088 EPS for the current year.

Insider Buying and Selling at Capital Power

In other news, insider Jason Daniel Comandante sold 1,276 shares of the company’s stock in a transaction 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 owned 8,711 shares in the company, valued at C$617,522.79. This represents a 12.78% decrease in their ownership of the stock. 0.17% of the stock is currently owned by company 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.