Capital Power Co. (TSE:CPX – Get Rating) – Raymond James reduced their FY2022 earnings per share (EPS) estimates for Capital Power in a research note issued on Thursday, April 28th. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $2.30 per share for the year, down from their prior estimate of $2.38. Raymond James currently has a “Market Perform” rating and a $48.50 target price on the stock. Raymond James also issued estimates for Capital Power’s Q4 2022 earnings at $0.60 EPS.
Other equities analysts have also issued research reports about the company. CIBC increased their target price on Capital Power from C$43.00 to C$44.00 in a research note on Thursday, April 21st. National Bankshares raised their price objective on Capital Power from C$46.00 to C$47.00 in a research note on Wednesday, January 26th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$45.32.
Capital Power (TSE:CPX – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported C$0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.67 by C($0.20). The firm had revenue of C$672.00 million during the quarter.
In other Capital Power news, Senior Officer Burness Kathryn Chisholm sold 12,729 shares of the firm’s stock in a transaction on Wednesday, April 6th. The stock was sold at an average price of C$40.94, for a total value of C$521,107.44. Following the sale, the insider now owns 24,549 shares of the company’s stock, valued at approximately C$1,005,001.69.
Capital Power Company Profile (Get Rating)
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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