Capital Power (TSE:CPX) had its target price raised by analysts at CIBC from C$32.50 to C$33.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. CIBC’s price objective points to a potential upside of 9.93% from the stock’s current price.
CPX has been the topic of several other research reports. Royal Bank of Canada raised their target price on shares of Capital Power from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 20th. National Bank Financial set a C$38.00 target price on shares of Capital Power and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets lowered shares of Capital Power from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$31.00 to C$30.00 in a research note on Thursday. CSFB raised their target price on shares of Capital Power from C$28.00 to C$32.00 in a research note on Thursday, April 25th. Finally, Raymond James reaffirmed a “market perform” rating and issued a C$31.00 target price on shares of Capital Power in a research note on Wednesday, February 20th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$32.13.
CPX traded down C$0.37 during midday trading on Thursday, hitting C$30.02. The company had a trading volume of 236,808 shares, compared to its average volume of 284,831. The company has a current ratio of 0.95, a quick ratio of 0.57 and a debt-to-equity ratio of 81.46. The stock has a market capitalization of $3.10 billion and a PE ratio of 11.92. Capital Power has a twelve month low of C$24.69 and a twelve month high of C$32.44.
Capital Power (TSE:CPX) last issued its earnings results on Tuesday, February 19th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.50 by C($0.17). The firm had revenue of C$335.00 million for the quarter. On average, research analysts predict that Capital Power will post 1.97000016018919 EPS for the current year.
In related news, Senior Officer Bryan Deneve sold 20,904 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$30.00, for a total transaction of C$627,120.00. Following the transaction, the insider now directly owns 83,304 shares in the company, valued at C$2,499,120. Also, Senior Officer Darcy Trufyn sold 9,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$30.68, for a total transaction of C$276,120.00. Following the transaction, the insider now owns 36,495 shares in the company, valued at C$1,119,666.60.
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 5,100 megawatts of power generation capacity.
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