Capital Power Co. (TSE:CPX) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analysts maintain a “Buy” consensus on Capital Power, with seven buy ratings, two strong-buy ratings and one hold. The average 12-month price target is C$80.11.
• Recent broker actions were mixed: Desjardins raised its target to C$88 and named Capital Power a top pick, while Wells Fargo, CIBC and BMO also adjusted targets, including cuts by the latter two.
• Capital Power’s shares opened at C$65.40, while an insider sold 1,500 shares for C$112,320. The company reported quarterly revenue of C$714 million and a loss of C$0.33 per share.

Capital Power Co. (TSE:CPX - Get Free Report) has been assigned an average recommendation of "Buy" from the ten brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$80.11.

CPX has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of Capital Power from C$72.00 to C$75.00 and gave the stock an "equal weight" rating in a report on Monday, July 27th. Desjardins lifted their target price on Capital Power from C$82.00 to C$88.00 and gave the stock a "top pick" rating in a research note on Friday, July 3rd. National Bank Financial upped their price objective on Capital Power from C$75.00 to C$82.00 and gave the company an "outperform" rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce dropped their price objective on shares of Capital Power from C$85.00 to C$83.00 in a report on Thursday, July 30th. Finally, BMO Capital Markets dropped their target price on Capital Power from C$85.00 to C$81.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th.

Insider Buying and Selling

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

Capital Power Trading Up 1.5%

CPX opened at C$65.40 on Wednesday. Capital Power has a 1-year low of C$56.25 and a 1-year high of C$77.02. The company has a market cap of C$10.27 billion, a P/E ratio of 114.74, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a fifty day moving average price of C$71.27 and a two-hundred day moving average price of C$66.60. 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 posted its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%.The firm had revenue of C$714.00 million for the quarter. Analysts predict that Capital Power will post 2.8197088 EPS for the current fiscal year.

About Capital Power

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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