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

Key Points

• Analysts maintain a consensus “Buy” rating 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 analyst actions were mixed: Desjardins raised its target to C$88 and named Capital Power a top pick, while Wells Fargo, BMO, Scotiabank, and CIBC adjusted targets between C$75 and C$83.
• Capital Power reported quarterly revenue of C$714 million and a loss of C$0.33 per share. The stock opened at C$63.03, below its 50-day and 200-day moving averages of C$68.69 and C$67.27, respectively.

Shares of Capital Power Co. (TSE:CPX - Get Free Report) have been given a consensus recommendation of "Buy" by the ten analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$80.11.

Several equities research analysts have recently commented on the stock. Desjardins boosted their price target on shares of Capital Power from C$82.00 to C$88.00 and gave the company a "top pick" rating in a report on Friday, July 3rd. Wells Fargo & Company boosted their price objective on shares of Capital Power from C$72.00 to C$75.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. BMO Capital Markets lowered their target price on Capital Power from C$85.00 to C$81.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Scotiabank dropped their target price on 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. Finally, Canadian Imperial Bank of Commerce cut their price target on Capital Power from C$85.00 to C$83.00 in a report on Thursday, July 30th.

Capital Power Stock Performance

TSE:CPX opened at C$63.03 on Friday. The firm has a market capitalization of C$9.90 billion, a PE ratio of 110.58, a PEG ratio of 0.91 and a beta of 0.61. The stock's fifty day moving average is C$68.69 and its 200 day moving average is C$67.27. Capital Power has a fifty-two week low of C$56.25 and a fifty-two week high of C$77.02. The company has a debt-to-equity ratio of 150.64, a quick ratio of 0.55 and a current ratio of 0.80.

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

Insider Transactions at Capital Power

In other Capital Power news, insider Jason Daniel Comandante sold 1,500 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 8,711 shares in the company, valued at approximately C$652,279.68. This represents a 14.69% decrease in their position. 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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