Capital Power (TSE:CPX) Price Target Raised to C$47.00

Capital Power (TSE:CPX) had its price objective raised by stock analysts at National Bankshares from C$44.00 to C$47.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 6.07% from the company’s previous close.

CPX has been the subject of a number of other reports. Desjardins upped their price target on shares of Capital Power from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Securities increased their target price on shares of Capital Power from C$47.00 to C$48.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their price target on shares of Capital Power from C$38.00 to C$42.00 in a research report on Thursday, August 1st. Raymond James cut their price objective on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. Finally, Royal Bank of Canada upped their target price on Capital Power from C$39.00 to C$44.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital Power has an average rating of “Hold” and a consensus target price of C$45.89.

Capital Power Stock Down 0.6 %

Shares of Capital Power stock traded down C$0.26 on Friday, hitting C$44.31. 113,414 shares of the company’s stock traded hands, compared to its average volume of 456,197. The stock has a market cap of C$5.76 billion, a P/E ratio of 8.78, a PEG ratio of 0.91 and a beta of 0.63. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.36. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$44.84. The firm’s 50-day moving average is C$41.41 and its 200 day moving average is C$38.92.

Capital Power (TSE:CPX) last announced 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%. Equities analysts anticipate that Capital Power will post 3.1359012 earnings per share for the current year.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 2,441 shares of Capital Power stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$40.38, for a total transaction of C$98,577.10. Company insiders own 0.17% of the company’s stock.

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.