Capital Power Co. (TSE:CPX) Receives Average Rating of “Hold” from Analysts

Capital Power Co. (TSE:CPX – Get Rating) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$52.80.

CPX has been the subject of a number of recent research reports. ATB Capital raised their target price on Capital Power from C$50.00 to C$52.00 in a research report on Friday, December 2nd. CSFB lifted their price target on Capital Power from C$53.00 to C$56.00 in a research report on Tuesday, November 8th. TD Securities reduced their price target on Capital Power from C$57.00 to C$56.00 and set a “buy” rating for the company in a research report on Tuesday, November 1st. Raymond James lifted their price target on Capital Power from C$49.00 to C$53.00 and gave the company a “market perform” rating in a research report on Tuesday, December 6th. Finally, BMO Capital Markets reduced their price target on Capital Power from C$55.00 to C$52.00 in a research report on Tuesday, November 1st.

Capital Power Stock Performance

Shares of Capital Power stock opened at C$45.80 on Friday. The business’s fifty day simple moving average is C$46.32 and its 200 day simple moving average is C$47.19. The firm has a market capitalization of C$5.35 billion and a P/E ratio of 43.62. Capital Power has a 12 month low of C$36.65 and a 12 month high of C$51.90. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 127.20.

Capital Power (TSE:CPX – Get Rating) last released its earnings results on Monday, October 31st. The company reported C$1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.17. The firm had revenue of C$786.00 million during the quarter. As a group, analysts anticipate that Capital Power will post 4.2800002 EPS for the current year.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Bryan Deneve acquired 3,300 shares of Capital Power stock in a transaction on Wednesday, November 2nd. The shares were bought at an average cost of C$44.10 per share, with a total value of C$145,523.07. Following the completion of the purchase, the insider now directly owns 4,500 shares of the company’s stock, valued at approximately C$198,440.55.

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.