Capital Power Co. (TSE:CPX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Capital Power Co. (TSE:CPX) have received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$76.70.

CPX has been the subject of a number of research reports. Wells Fargo & Company set a C$70.00 price target on Capital Power and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Desjardins set a C$82.00 price target on Capital Power and gave the company a “top pick” rating in a report on Tuesday, May 26th. Finally, National Bank Financial boosted their price target on Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a report on Monday.

Capital Power Stock Down 0.1%

Shares of TSE:CPX opened at C$72.00 on Friday. Capital Power has a 1 year low of C$54.03 and a 1 year high of C$73.80. The business has a 50 day simple moving average of C$66.14 and a two-hundred day simple moving average of C$62.74. The firm has a market capitalization of C$11.27 billion, a PE ratio of -654.55, a price-to-earnings-growth ratio of 0.91 and a beta of 0.54. The company has a debt-to-equity ratio of 146.00, a current ratio of 0.69 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$1.18 billion during the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%. On average, equities analysts predict that Capital Power will post 2.8197088 EPS for the current year.

Insider Activity

In related news, insider Jason Daniel Comandante sold 1,276 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$70.89, for a total value of C$90,455.64. Following the completion of the sale, the insider owned 8,711 shares in the company, valued at approximately C$617,522.79. The trade was a 12.78% decrease in their ownership of the stock. 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.