Q2 2024 EPS Estimates for Capital Power Co. Reduced by Analyst (TSE:CPX)

Capital Power Co. (TSE:CPXFree Report) – Equities researchers at Raymond James cut their Q2 2024 earnings per share estimates for Capital Power in a report issued on Thursday, February 8th. Raymond James analyst D. Quezada now anticipates that the company will post earnings of $0.56 per share for the quarter, down from their prior estimate of $0.57. Raymond James currently has a “Market Perform” rating and a $46.00 target price on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.90 per share. Raymond James also issued estimates for Capital Power’s Q4 2024 earnings at $0.60 EPS.

CPX has been the topic of a number of other research reports. Royal Bank of Canada dropped their target price on Capital Power from C$45.00 to C$42.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 17th. ATB Capital decreased their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 17th. TD Securities decreased their price target on Capital Power from C$50.00 to C$49.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. CIBC decreased their price target on Capital Power from C$44.00 to C$43.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Finally, BMO Capital Markets decreased their price target on Capital Power from C$42.00 to C$40.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 29th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$46.36.

Read Our Latest Stock Report on Capital Power

Capital Power Trading Up 0.5 %

TSE:CPX opened at C$36.39 on Monday. The firm has a market cap of C$4.26 billion, a P/E ratio of 8.27, a PEG ratio of 0.91 and a beta of 0.57. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 118.49. The stock’s 50 day simple moving average is C$37.32 and its 200-day simple moving average is C$38.36. Capital Power has a 12-month low of C$35.11 and a 12-month high of C$46.73.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 1,700 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$37.80, for a total transaction of C$64,260.00. 0.18% of the stock is owned by company insiders.

Capital Power Company Profile

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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 7,500 megawatts of power generation capacity at 29 facilities.

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Earnings History and Estimates for Capital Power (TSE:CPX)

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