Capital Power (TSE:CPX) Price Target Cut to C$79.00 by Analysts at Scotiabank

Capital Power (TSE:CPX) had its target price decreased by Scotiabank from C$80.00 to C$79.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 17.26% from the stock’s current price.

Several other analysts have also commented on CPX. Canadian Imperial Bank of Commerce dropped their price target on shares of Capital Power from C$85.00 to C$83.00 in a research report on Thursday. Desjardins upped their price objective on shares of Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research report on Friday, July 3rd. 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. BMO Capital Markets raised their target price on Capital Power from C$75.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Finally, National Bank Financial lifted their price target on Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$80.11.

Capital Power Stock Performance

Shares of TSE CPX traded up C$1.37 during midday trading on Thursday, reaching C$67.37. 378,011 shares of the stock were exchanged, compared to its average volume of 678,163. The firm has a market cap of C$10.54 billion, a price-to-earnings ratio of -612.45, a PEG ratio of 0.91 and a beta of 0.63. Capital Power has a twelve month low of C$56.08 and a twelve month high of C$77.02. The firm has a 50-day simple moving average of C$71.86 and a two-hundred day simple moving average of C$66.19. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00.

Capital Power (TSE:CPX) last posted its earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The firm had revenue of C$714.00 million for the quarter. As a group, analysts anticipate that Capital Power will post 2.8197088 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jason Daniel Comandante sold 1,500 shares of the business’s stock in a transaction 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. The trade was a 14.69% decrease in their position. 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.