Analysts Offer Predictions for Capital Power Co.’s Q4 2022 Earnings (TSE:CPX)

Capital Power Co. (TSE:CPXGet Rating) – Equities research analysts at Raymond James dropped their Q4 2022 earnings per share estimates for Capital Power in a research report issued on Tuesday, August 2nd. Raymond James analyst D. Quezada now anticipates that the company will earn $0.76 per share for the quarter, down from their prior forecast of $0.79. 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.

A number of other research analysts also recently issued reports on the company. TD Securities upped their price target on Capital Power from C$53.00 to C$55.00 and gave the company a “buy” rating in a report on Wednesday. ATB Capital upped their price objective on Capital Power from C$46.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Wednesday. National Bankshares upped their price objective on Capital Power from C$50.00 to C$52.00 and gave the company an “outperform” rating in a research report on Wednesday. Credit Suisse Group upped their price objective on Capital Power from C$50.00 to C$54.00 and gave the company an “outperform” rating in a research report on Monday, July 25th. Finally, BMO Capital Markets upped their price objective on Capital Power from C$46.00 to C$49.00 in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$50.70.

Capital Power Trading Down 0.7 %

Shares of TSE:CPX opened at C$49.33 on Friday. The company has a market cap of C$5.75 billion and a P/E ratio of 94.87. The company has a debt-to-equity ratio of 110.14, a current ratio of 0.82 and a quick ratio of 0.57. Capital Power has a 1 year low of C$36.65 and a 1 year high of C$49.87. The stock’s fifty day moving average price is C$46.21 and its 200-day moving average price is C$42.96.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 1,600 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 18,400 shares in the company, valued at C$806,840. In other news, Senior Officer Bryan Deneve sold 1,600 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 18,400 shares of the company’s stock, valued at C$806,840. Also, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of C$44.72, for a total value of C$268,338.00. Following the completion of the transaction, the insider now directly owns 24,549 shares of the company’s stock, valued at approximately C$1,097,904.93.

About Capital Power

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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.

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Earnings History and Estimates for Capital Power (TSE:CPX)

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