Capital Power Co. (TSE:CPX – Get Rating) – Investment analysts at Raymond James cut their Q3 2022 earnings estimates for Capital Power in a research report issued on Tuesday, August 2nd. Raymond James analyst D. Quezada now expects that the company will earn $0.56 per share for the quarter, down from their prior forecast of $0.61. Raymond James currently has a “Market Perform” rating and a $49.00 target price on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.42 per share. Raymond James also issued estimates for Capital Power’s FY2022 earnings at $3.01 EPS and FY2023 earnings at $3.01 EPS.
Several other research firms have also recently weighed in on CPX. National Bankshares boosted their price target on Capital Power from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank upped their target price on shares of Capital Power from C$46.00 to C$49.00 in a research note on Wednesday. TD Securities lifted their price target on shares of Capital Power from C$53.00 to C$55.00 and gave the stock a “buy” rating in a research note on Wednesday. ATB Capital increased their price objective on shares of Capital Power from C$46.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, CIBC lifted their target price on shares of Capital Power from C$49.00 to C$50.00 and gave the stock a “neutral” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$50.70.
Capital Power Stock Performance
In related news, Senior Officer Bryan Deneve sold 1,600 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of C$43.85, for a total value of C$70,160.00. Following the transaction, the insider now directly owns 18,400 shares of the company’s stock, valued at approximately C$806,840. In other Capital Power news, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of C$44.72, for a total transaction of C$268,338.00. Following the sale, the insider now owns 24,549 shares in the company, valued at approximately C$1,097,904.93. Also, Senior Officer Bryan Deneve sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of C$43.85, for a total transaction of C$70,160.00. Following the completion of the transaction, the insider now owns 18,400 shares of the company’s stock, valued at C$806,840.
Capital Power Company Profile
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 6,600 megawatts of power generation capacity at 26 facilities.
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.