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

Capital Power Co. (TSE:CPX) reached a new 52-week high during trading on Thursday . The company traded as high as C$75.93 and last traded at C$75.69, with a volume of 56214 shares. The stock had previously closed at C$72.91.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CPX. National Bank Financial lifted their price objective 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. Wells Fargo & Company set a C$70.00 target price on shares of Capital Power and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Finally, 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 note on Friday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$79.22.

Capital Power Stock Performance

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 50 day moving average price of C$69.65 and a 200 day moving average price of C$64.82. The stock has a market cap of C$11.84 billion, a PE ratio of -687.91, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The company had revenue of C$1.18 billion during the quarter. As a group, research analysts forecast that Capital Power Co. will post 2.8197088 earnings per share for the current year.

Insider Activity at Capital Power

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