Capital Power (TSE:CPX) Given a C$80.00 Price Target by TD Analysts

Key Points

• TD maintained a “buy” rating on Capital Power and set an C$80.00 price target, implying approximately 29.6% upside from the stock’s C$61.73 trading price.
• Analyst sentiment remains positive, with a consensus “Buy” rating and average price target of C$80.10; targets from other firms range from C$79.00 to C$88.00.
• Capital Power reported quarterly revenue of C$714 million and a loss of C$0.33 per share, while the stock rose 3.6% during Thursday trading. The company carries high leverage, with a debt-to-equity ratio of 150.64.

Capital Power (TSE:CPX - Get Free Report) has been given a C$80.00 price objective by analysts at TD in a report released on Thursday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. TD's target price points to a potential upside of 29.60% from the company's current price.

A number of other research firms have also commented on CPX. Scotiabank dropped their price target on shares of Capital Power from C$80.00 to C$79.00 and set a "sector outperform" rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada set a C$80.00 target price on shares of Capital Power and gave the company an "outperform" rating in a research note on Thursday. National Bank Financial lifted their target price on shares of Capital Power from C$75.00 to C$82.00 and gave the stock an "outperform" rating in a report on Monday, June 1st. Desjardins lifted their target price on shares of Capital Power from C$82.00 to C$88.00 and gave the stock a "top pick" rating in a report on Friday, July 3rd. Finally, BMO Capital Markets cut their target price on shares of Capital Power from C$85.00 to C$81.00 and set an "outperform" rating for the company in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$80.10.

Capital Power Stock Up 3.6%

TSE CPX traded up C$2.17 during trading on Thursday, hitting C$61.73. 216,653 shares of the company traded hands, compared to its average volume of 666,043. Capital Power has a 12 month low of C$56.48 and a 12 month high of C$77.02. The business has a fifty day simple moving average of C$66.76 and a 200 day simple moving average of C$67.20. The company has a market capitalization of C$9.70 billion, a P/E ratio of 108.30, a PEG ratio of 0.91 and a beta of 0.61. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 150.64.

Capital Power (TSE:CPX - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share (EPS) for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%.The company had revenue of C$714.00 million for the quarter. As a group, sell-side analysts predict that Capital Power will post 2.8197088 EPS for the current year.

Insider Transactions at Capital Power

In other news, insider Jason Daniel Comandante sold 1,500 shares of Capital Power stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total transaction of C$112,320.00. Following the sale, the insider owned 8,711 shares of the company's stock, valued at approximately C$652,279.68. This trade represents a 14.69% decrease in their position. 0.17% of the stock is owned by corporate insiders.

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.

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