Shares of Capital Power Corp (TSE:CPX) have earned a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$30.00.
CPX has been the topic of a number of recent research reports. Industrial Alliance Securities lowered Capital Power from a “buy” rating to a “hold” rating and dropped their target price for the company from C$31.00 to C$30.00 in a report on Tuesday, October 9th. National Bank Financial raised their target price on Capital Power from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 30th. BMO Capital Markets raised their target price on Capital Power from C$28.00 to C$29.00 in a research report on Friday, September 7th. Raymond James lifted their price target on Capital Power from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday, September 7th. Finally, CSFB lifted their price objective on Capital Power from C$26.00 to C$28.00 and gave the company a “neutral” rating in a research note on Friday, September 7th.
In other news, Director Brian Tellef Vaasjo purchased 3,000 shares of the stock in a transaction dated Friday, November 9th. The shares were purchased at an average cost of C$26.14 per share, with a total value of C$78,420.00.
Shares of CPX stock traded down C$0.40 on Monday, hitting C$27.22. The company had a trading volume of 19,495 shares, compared to its average volume of 245,686. The company has a debt-to-equity ratio of 72.21, a current ratio of 0.90 and a quick ratio of 0.57. Capital Power has a twelve month low of C$22.15 and a twelve month high of C$29.79.
Capital Power (TSE:CPX) last released its earnings results on Monday, October 29th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$389.00 million for the quarter. Research analysts expect that Capital Power will post 2.04999985722142 earnings per share for the current year.
Capital Power Company Profile
Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 4,500 megawatts of power generation capacity.
Read More: Price to Earnings Ratio (PE) Basics
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