Capital Power Co. (TSE:CPX) Given Average Rating of "Moderate Buy" by Brokerages

Capital Power Co. (TSE:CPX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$63.50.

Several analysts recently commented on the company. CIBC upgraded Capital Power from a "neutral" rating to an "outperform" rating and reduced their target price for the company from C$68.00 to C$64.00 in a report on Tuesday, February 18th. BMO Capital Markets upgraded Capital Power from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. TD Securities reduced their target price on Capital Power from C$70.00 to C$66.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Cibc World Mkts upgraded Capital Power from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Finally, Desjardins upped their target price on Capital Power from C$67.00 to C$68.00 and gave the company a "buy" rating in a report on Thursday, May 1st.

Insiders Place Their Bets

In other news, Senior Officer Sandra Anne Haskins sold 5,710 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of C$53.00, for a total transaction of C$302,631.14. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of C$53.63, for a total value of C$51,590.14. In the last three months, insiders have sold 8,672 shares of company stock worth $460,121. Corporate insiders own 0.17% of the company's stock.

Capital Power Trading Down 0.1%

CPX stock traded down C$0.06 during trading on Monday, hitting C$54.29. The company had a trading volume of 520,383 shares, compared to its average volume of 924,438. The business has a 50-day moving average of C$49.68 and a 200-day moving average of C$54.67. Capital Power has a one year low of C$37.41 and a one year high of C$68.73. The stock has a market cap of C$7.67 billion, a PE ratio of 12.90, a PEG ratio of 0.91 and a beta of 0.64. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

Capital Power Company Profile

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.