Capital Power Co. (TSE:CPX) Receives Average Rating of "Buy" from Brokerages

Key Points

• Capital Power has an average analyst rating of “Buy” from 10 brokerages, with six buy ratings and two strong buy ratings; the average 12-month price target is C$80.00.
• The stock was last trading at C$71.46, down 0.5%, and it has ranged between C$56.08 and C$77.02 over the past year.
• In its most recent quarterly results, Capital Power reported C$0.04 EPS on C$1.18 billion in revenue, while an insider recently sold 1,500 shares at an average price of C$74.88.

Shares of Capital Power Co. (TSE:CPX - Get Free Report) have been assigned an average rating of "Buy" from the ten brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$80.00.

CPX has been the topic of several research reports. Wells Fargo & Company set a C$70.00 price target on shares of Capital Power and gave the company an "equal weight" rating in a research report on Tuesday, May 12th. Desjardins raised their price objective 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. BMO Capital Markets lifted their price objective on shares of Capital Power from C$75.00 to C$85.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Finally, National Bank Financial boosted their target price on shares of Capital Power from C$75.00 to C$82.00 and gave the company an "outperform" rating in a report on Monday, June 1st.

Capital Power Stock Down 0.5%

CPX opened at C$71.46 on Friday. Capital Power has a twelve month low of C$56.08 and a twelve month high of C$77.02. The company's 50-day moving average price is C$70.78 and its two-hundred day moving average price is C$65.47. The stock has a market cap of C$11.18 billion, a price-to-earnings ratio of -649.64, a PEG ratio of 0.91 and a beta of 0.63. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00.

Capital Power (TSE:CPX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$1.18 billion during the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. As a group, equities analysts expect that Capital Power will post 2.8197088 earnings per share for the current year.

Insider Buying and Selling at Capital Power

In related news, insider Jason Daniel Comandante sold 1,500 shares of the business's stock in a transaction 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 directly owned 8,711 shares in the company, valued at approximately C$652,279.68. The trade was a 14.69% decrease in their position. Company insiders own 0.17% of the company's stock.

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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