Industrial Alliance Securities lowered shares of Capital Power (TSE:CPX) from a buy rating to a hold rating in a report published on Tuesday morning. The firm currently has C$30.00 target price on the stock, down from their prior target price of C$31.00.

Several other research analysts have also recently issued reports on CPX. Raymond James reiterated an outperform rating and set a C$30.00 target price on shares of Capital Power in a report on Tuesday, July 31st. CSFB increased their target price on shares of Capital Power from C$26.00 to C$28.00 and gave the stock a neutral rating in a report on Friday, September 7th. National Bank Financial increased their target price on shares of Capital Power from C$32.00 to C$33.00 and gave the stock an outperform rating in a report on Friday, September 7th. TD Securities increased their target price on shares of Capital Power from C$28.00 to C$29.00 and gave the stock a buy rating in a report on Tuesday, July 31st. Finally, Royal Bank of Canada increased their target price on shares of Capital Power from C$27.00 to C$28.00 and gave the stock a sector perform rating in a report on Tuesday, July 31st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of C$29.67.

TSE CPX opened at C$27.97 on Tuesday. Capital Power has a 12 month low of C$22.15 and a 12 month high of C$29.45.

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

About Capital Power

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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