Capital Power (TSE:CPX) PT Lowered to C$45.00

Capital Power (TSE:CPX) had its target price cut by stock analysts at Raymond James from C$46.00 to C$45.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ target price would indicate a potential upside of 27.44% from the company’s current price. Raymond James also issued estimates for Capital Power’s Q2 2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $0.73 EPS and FY2025 earnings at $3.35 EPS.

Other equities research analysts also recently issued research reports about the stock. Scotiabank dropped their price target on shares of Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 17th. ATB Capital dropped their price target on shares of 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. Royal Bank of Canada dropped their price target on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 29th. National Bankshares decreased their price objective on shares of Capital Power from C$48.00 to C$45.00 in a report on Wednesday, January 17th. Finally, CIBC decreased their price target on shares of Capital Power from C$43.00 to C$40.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital Power currently has an average rating of “Hold” and a consensus price target of C$45.91.

Capital Power Stock Performance

Shares of CPX opened at C$35.31 on Thursday. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29. The company has a market capitalization of C$4.46 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 0.91 and a beta of 0.57. The company’s 50 day simple moving average is C$37.47 and its 200 day simple moving average is C$37.38. Capital Power has a 1 year low of C$35.11 and a 1 year high of C$46.73.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The firm had revenue of C$984.00 million during the quarter. On average, sell-side analysts predict that Capital Power will post 3.1532468 EPS for the current year.

Insider Buying and Selling at Capital Power

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. Insiders own 0.17% of the company’s stock.

Capital Power Company Profile

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 (MW) of power generation capacity at 29 facilities.