Capital Power (TSE:CPX) Sets New 52-Week High – Should You Buy?

Capital Power Co. (TSE:CPX)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$75.13 and last traded at C$74.70, with a volume of 658775 shares traded. The stock had previously closed at C$73.53.

Analyst Ratings Changes

A number of brokerages have commented on CPX. Desjardins set a C$82.00 target price on Capital Power and gave the company a “top pick” rating in a report on Tuesday, May 26th. National Bank Financial boosted their price target on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, Wells Fargo & Company set a C$70.00 price objective on Capital Power and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital Power currently has an average rating of “Buy” and a consensus price target of C$78.56.

Capital Power Trading Up 0.1%

The business’s fifty day moving average price is C$68.20 and its 200 day moving average price is C$64.01. 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$11.65 billion, a PE ratio of -676.73, a P/E/G ratio of 0.91 and a beta of 0.60.

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

Insiders Place Their Bets

In other Capital Power news, insider Jason Daniel Comandante sold 1,276 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$70.89, for a total transaction of C$90,455.64. Following the transaction, the insider owned 8,711 shares of the company’s stock, valued at C$617,522.79. This represents a 12.78% decrease in their position. Company insiders own 0.17% of the company’s stock.

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.