Analysts Offer Predictions for Capital Power Co.’s Q4 2022 Earnings (TSE:CPX)

Capital Power Co. (TSE:CPX – Get Rating) – Raymond James cut their Q4 2022 earnings per share estimates for shares of Capital Power in a report issued on Tuesday, August 2nd. Raymond James analyst D. Quezada now anticipates that the company will post earnings per share of $0.76 for the quarter, down from their previous forecast of $0.79. Raymond James has a “Market Perform” rating and a $49.00 price objective on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.42 per share.

Several other research analysts also recently commented on CPX. CIBC raised their price objective on Capital Power from C$49.00 to C$50.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on Capital Power from C$45.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Wednesday. ATB Capital lifted their price target on Capital Power from C$46.00 to C$49.00 and gave the company a “sector perform” rating in a report on Wednesday. BMO Capital Markets lifted their price target on Capital Power from C$46.00 to C$49.00 in a report on Wednesday. Finally, Scotiabank lifted their price target on Capital Power from C$46.00 to C$49.00 in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$50.70.

Capital Power Trading Down 0.7 %

CPX opened at C$49.33 on Friday. The stock’s fifty day moving average is C$46.21 and its two-hundred day moving average is C$42.96. The company has a market capitalization of C$5.75 billion and a P/E ratio of 94.87. Capital Power has a 52 week low of C$36.65 and a 52 week high of C$49.87. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 110.14.

Insider Transactions at Capital Power

In other Capital Power news, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of Capital Power stock in a transaction dated Tuesday, May 17th. The stock was 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. In other Capital Power news, Senior Officer Bryan Deneve sold 1,600 shares of Capital Power stock in a transaction dated 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 completion of the sale, the insider now owns 18,400 shares of the company’s stock, valued at approximately C$806,840. Also, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of Capital Power stock in a transaction dated 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 sale, the insider now directly owns 24,549 shares of the company’s stock, valued at approximately C$1,097,904.93.

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.

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