Capital Power Co. (TSE:CPX) Given Consensus Rating of “Buy” by Brokerages

Capital Power Co. (TSE:CPX) has received a consensus recommendation of “Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$80.11.

CPX has been the subject of several analyst reports. Scotiabank cut their price target on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Capital Power from C$85.00 to C$83.00 in a research note on Thursday, July 30th. BMO Capital Markets cut their price objective on shares of Capital Power from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company upped 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 report on Monday, July 27th. Finally, National Bank Financial raised their target price on shares of Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st.

Capital Power Price Performance

CPX opened at C$67.31 on Wednesday. The business has a 50 day moving average price of C$70.99 and a two-hundred day moving average price of C$66.75. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 150.64. The company has a market cap of C$10.57 billion, a PE ratio of 118.09, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 52 week low of C$56.25 and a 52 week high of C$77.02.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($0.33) earnings per share for the quarter. The company had revenue of C$714.00 million for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. As a group, research analysts anticipate that Capital Power will post 2.8197088 EPS for the current year.

Insider Transactions at Capital Power

In related news, insider Jason Daniel Comandante sold 1,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at C$652,279.68. This represents a 14.69% decrease in their ownership of the stock. 0.17% of the stock is owned by corporate insiders.

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.