Capital Power Co. (TSE:CPX) Receives C$52.20 Consensus PT from Analysts

Capital Power Co. (TSE:CPXGet Rating) has been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$52.20.

CPX has been the subject of a number of research reports. ATB Capital boosted their price target on Capital Power from C$49.00 to C$51.00 in a report on Tuesday, September 13th. CSFB boosted their price target on Capital Power from C$54.00 to C$57.50 in a report on Wednesday, August 24th. Raymond James boosted their price target on Capital Power from C$48.50 to C$49.00 and gave the company a “market perform” rating in a report on Wednesday, July 13th. CIBC boosted their price target on Capital Power from C$49.00 to C$50.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group boosted their price target on Capital Power to C$57.50 in a report on Wednesday, August 24th.

Insider Buying and Selling

In other news, Director Brian Tellef Vaasjo sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of C$50.34, for a total transaction of C$1,006,800.00. Following the transaction, the director now directly owns 131,735 shares of the company’s stock, valued at C$6,631,539.90. In other news, Director Brian Tellef Vaasjo sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of C$50.34, for a total transaction of C$1,006,800.00. Following the transaction, the director now directly owns 131,735 shares of the company’s stock, valued at C$6,631,539.90. Also, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of C$50.84, for a total value of C$305,041.20. Following the transaction, the insider now directly owns 24,549 shares in the company, valued at C$1,248,076.07. Insiders sold 107,500 shares of company stock valued at $5,430,341 over the last 90 days.

Capital Power Stock Up 1.5 %

Shares of TSE:CPX opened at C$51.16 on Friday. Capital Power has a 1 year low of C$36.65 and a 1 year high of C$51.90. The business has a 50 day simple moving average of C$49.62 and a two-hundred day simple moving average of C$45.57. The firm has a market capitalization of C$5.96 billion and a PE ratio of 47.81. The company has a debt-to-equity ratio of 107.91, a current ratio of 0.80 and a quick ratio of 0.56.

Capital Power (TSE:CPXGet Rating) last announced its earnings results on Tuesday, August 2nd. The company reported C$0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.58 by C$0.18. The business had revenue of C$657.00 million for the quarter. On average, equities analysts predict that Capital Power will post 2.77 EPS for the current year.

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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Analyst Recommendations for Capital Power (TSE:CPX)

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