Capital Power (TSE:CPX) Rating Lowered to Hold at Atb Cap Markets

Capital Power (TSE:CPX) was downgraded by research analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports. Atb Cap Markets also issued estimates for Capital Power’s Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.90 EPS and FY2026 earnings at $4.38 EPS.

Other equities analysts have also issued research reports about the company. CIBC lifted their price target on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research report on Thursday. TD Securities lifted their price target on Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets lifted their price target on Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a research report on Thursday. Desjardins lifted their price target on Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, ATB Capital lifted their price objective on Capital Power from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Capital Power currently has an average rating of “Hold” and an average price target of C$55.11.

Capital Power Price Performance

CPX opened at C$56.47 on Wednesday. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$56.82. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The stock has a fifty day simple moving average of C$48.03 and a two-hundred day simple moving average of C$42.30. The company has a market cap of C$7.34 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The company had revenue of C$774.00 million during the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. Research analysts predict that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. In the last ninety days, insiders sold 6,400 shares of company stock worth $322,274. 0.17% of the stock is owned by company insiders.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.