Capital Power - CPX Stock Forecast, Price & News

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 6,600 megawatts of power generation capacity at 26 facilities. It also manages its related electricity, natural gas, and emissions portfolios by undertaking trading and marketing activities. The company was founded in 1891 and is headquartered in Edmonton, Canada.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CPX shares. TD Securities increased their price target on Capital Power from C$53.00 to C$55.00 and gave the stock a "buy" rating in a research report on Wednesday, August 3rd. National Bankshares increased their price target on Capital Power from C$50.00 to C$52.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 3rd. Credit Suisse Group increased their price target on Capital Power from C$50.00 to C$54.00 and gave the stock an "outperform" rating in a research report on Monday, July 25th. Royal Bank of Canada increased their price target on Capital Power from C$45.00 to C$50.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 3rd. Finally, Raymond James increased their price target on Capital Power from C$48.50 to C$49.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$50.70.

Capital Power Price Performance

Shares of Capital Power stock traded down C$1.06 during mid-day trading on Wednesday, reaching C$49.62. 277,413 shares of the stock traded hands, compared to its average volume of 379,195. The business has a 50-day moving average of C$46.41 and a 200 day moving average of C$43.16. Capital Power has a fifty-two week low of C$36.65 and a fifty-two week high of C$51.03. The stock has a market capitalization of C$5.78 billion and a PE ratio of 97.46. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 110.14.

Capital Power (TSE:CPX - Get Rating) last announced its earnings results on Tuesday, August 2nd. The company reported C$0.76 EPS for the quarter, beating analysts' consensus estimates of C$0.58 by C$0.18. The firm had revenue of C$657.00 million for the quarter. On average, analysts predict that Capital Power will post 2.4175438 EPS for the current year.

Insider Activity at Capital Power

In related news, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of C$44.72, for a total value of C$268,338.00. Following the completion of the sale, the insider now owns 24,549 shares of the company's stock, valued at C$1,097,904.93.