Brokerages Set Capital Power Co. (TSE:CPX) Target Price at C$80.11

Shares of Capital Power Co. (TSE:CPX) have been assigned an average recommendation of “Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$80.11.

CPX has been the topic of several research analyst reports. Scotiabank reduced their price objective on shares of Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company increased their target price on shares of Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Desjardins lifted their price target on shares of Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a research report on Friday, July 3rd. National Bank Financial lifted their price target on shares of Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, BMO Capital Markets reduced their price target on shares of Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th.

Insiders Place Their Bets

In other Capital Power news, insider Jason Daniel Comandante sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total value of C$112,320.00. Following the sale, the insider owned 8,711 shares of the company’s stock, valued at C$652,279.68. The trade was a 14.69% decrease in their ownership of the stock. Company insiders own 0.17% of the company’s stock.

Capital Power Trading Up 1.9%

Shares of Capital Power stock opened at C$64.24 on Friday. The firm has a market capitalization of C$10.09 billion, a price-to-earnings ratio of 112.70, a PEG ratio of 0.91 and a beta of 0.61. Capital Power has a fifty-two week low of C$56.47 and a fifty-two week high of C$77.02. The company has a debt-to-equity ratio of 150.64, a quick ratio of 0.55 and a current ratio of 0.80. The stock has a 50 day moving average of C$68.27 and a 200 day moving average of C$67.32.

Capital Power (TSE:CPX) last posted its earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share (EPS) for the quarter. The business had revenue of C$714.00 million for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. As a group, research analysts predict that Capital Power will post 2.8197088 earnings per share for the current year.

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.