Capital Power (TSE:CPX) Given a C$80.00 Price Target at TD

Capital Power (TSE:CPX) received a C$80.00 target price from analysts at TD in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 29.60% from the stock’s previous close.

CPX has been the subject of a number of other reports. Canadian Imperial Bank of Commerce cut their price objective on Capital Power from C$85.00 to C$83.00 in a report on Thursday, July 30th. Scotiabank lowered their target price 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 report on Monday, July 27th. 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 report on Monday, June 1st. Finally, Royal Bank Of Canada set a C$80.00 price target on shares of Capital Power and gave the company an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Capital Power currently has an average rating of “Buy” and a consensus target price of C$80.10.

Capital Power Price Performance

Shares of CPX traded up C$2.17 during mid-day trading on Thursday, reaching C$61.73. The company had a trading volume of 216,653 shares, compared to its average volume of 666,043. Capital Power has a twelve month low of C$56.48 and a twelve month high of C$77.02. The company has a debt-to-equity ratio of 150.64, a current ratio of 0.80 and a quick ratio of 0.55. The company’s 50-day moving average is C$66.76 and its 200-day moving average is C$67.20. The company has a market capitalization of C$9.70 billion, a P/E ratio of 108.30, a P/E/G ratio of 0.91 and a beta of 0.61.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$714.00 million during the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. On average, equities analysts anticipate that Capital Power will post 2.8197088 EPS for the current year.

Insider Buying and Selling

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

Capital Power Company Profile

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.