Capital Power Corp (TSE:CPX) has been given a consensus rating of “Buy” by the nine analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$29.78.

A number of research firms have recently weighed in on CPX. BMO Capital Markets boosted their target price on Capital Power from C$28.00 to C$29.00 in a research note on Friday, September 7th. Industrial Alliance Securities boosted their price target on Capital Power from C$30.00 to C$31.00 in a report on Friday, September 7th. Raymond James upped their target price on Capital Power from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. National Bank Financial upped their price target on Capital Power from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Friday, September 7th. Finally, TD Securities upped their price target on Capital Power from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research note on Friday, September 7th.

Shares of TSE CPX traded down C$0.29 during midday trading on Wednesday, reaching C$28.95. The company had a trading volume of 175,875 shares, compared to its average volume of 199,033. Capital Power has a one year low of C$22.15 and a one year high of C$29.35.

Capital Power (TSE:CPX) last released its earnings results on Monday, July 30th. The company reported C$0.22 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.35 by C($0.13). Capital Power had a negative net margin of 4.98% and a negative return on equity of 2.75%. The company had revenue of C$363.00 million during the quarter, compared to the consensus estimate of C$297.19 million.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 4,500 megawatts of power generation capacity.

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Analyst Recommendations for Capital Power (TSE:CPX)

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