Capital Power (TSE:CPX) Sets New 12-Month High at $49.70

Capital Power Co. (TSE:CPXGet Rating)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$49.70 and last traded at C$49.08, with a volume of 76834 shares changing hands. The stock had previously closed at C$49.34.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CPX. National Bankshares raised their price target on shares of Capital Power from C$50.00 to C$52.00 in a research report on Wednesday. Raymond James boosted their price objective on shares of Capital Power from C$48.50 to C$49.00 and gave the stock a “market perform” rating in a report on Wednesday, July 13th. Royal Bank of Canada boosted their price objective on shares of Capital Power from C$45.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Wednesday. Credit Suisse Group upped their target price on shares of 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. Finally, BMO Capital Markets upped their target price on shares of Capital Power from C$46.00 to C$49.00 in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$50.70.

Capital Power Stock Performance

The stock has a 50-day moving average price of C$46.03 and a 200 day moving average price of C$42.81. The firm has a market cap of C$5.69 billion and a PE ratio of 94.02. The company has a debt-to-equity ratio of 110.14, a current ratio of 0.82 and a quick ratio of 0.57.

Capital Power (TSE:CPXGet Rating) last issued its quarterly earnings data on Monday, May 2nd. The company reported C$0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.76 by C$0.17. The business had revenue of C$501.00 million during the quarter. Research analysts forecast that Capital Power Co. will post 2.4175438 earnings per share for the current year.

Insider Transactions at Capital Power

In related news, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the stock in a transaction dated Tuesday, May 17th. The shares were 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 in the company, valued at C$1,097,904.93. In other Capital Power news, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of Capital Power stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of C$44.72, for a total transaction 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 approximately C$1,097,904.93. Also, Senior Officer Bryan Deneve sold 1,600 shares of Capital Power stock in a transaction on Monday, May 9th. The stock was sold at an average price of C$43.85, for a total transaction of C$70,160.00. Following the transaction, the insider now directly owns 18,400 shares in the company, valued at C$806,840.

About Capital Power

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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.

Further Reading

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