Capital Power Co. (TSE:CPX) Receives C$65.78 Consensus Target Price from Brokerages

Key Points

• Capital Power Co. has received a consensus rating of "Moderate Buy" from eleven analysts, with three hold ratings, seven buy ratings, and one strong buy rating.
• Recent upgrades include a price target increase from C$65.00 to C$67.00 by the Royal Bank of Canada and from C$66.00 to C$69.00 by TD Securities.
• The current stock price for Capital Power is C$56.51, with a market cap of approximately C$7.98 billion and a P/E ratio of 13.43.

Capital Power Co. (TSE:CPX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$65.78.

A number of analysts have recently weighed in on the company. Desjardins increased their price objective on Capital Power from C$67.00 to C$68.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. CIBC upped their price target on Capital Power from C$66.00 to C$72.00 in a report on Thursday, July 10th. BMO Capital Markets upgraded Capital Power from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. National Bankshares boosted their price target on Capital Power from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group lowered Capital Power from a "buy" rating to a "hold" rating and lifted their price target for the stock from C$59.00 to C$60.00 in a research report on Thursday, June 12th.

Insider Activity

In other Capital Power news, Senior Officer Jason Daniel Comandante sold 2,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$52.95, for a total transaction of C$105,900.00. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the business's stock in a transaction dated 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 90 days, insiders sold 8,672 shares of company stock valued at $460,121. 0.17% of the stock is owned by insiders.

Capital Power Trading Up 0.5%

CPX stock traded up C$0.28 during midday trading on Friday, hitting C$56.79. The stock had a trading volume of 434,840 shares, compared to its average volume of 856,003. The business has a fifty day moving average price of C$57.07 and a two-hundred day moving average price of C$53.04. The firm has a market cap of C$8.02 billion, a P/E ratio of 13.49, a price-to-earnings-growth 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 has a 1-year low of C$41.87 and a 1-year high of C$68.73.

About Capital Power

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.