Capital Power (TSE:CPX) PT Raised to C$43.00

Capital Power (TSE:CPXGet Rating) had its price target increased by BMO Capital Markets from C$42.00 to C$43.00 in a report published on Tuesday morning, BayStreet.CA reports.

CPX has been the subject of several other reports. Raymond James set a C$48.50 price target on shares of Capital Power and gave the stock a market perform rating in a research note on Friday, February 25th. National Bankshares raised their target price on shares of Capital Power from C$46.00 to C$47.00 in a research note on Wednesday, January 26th. ATB Capital raised their target price on shares of Capital Power from C$44.00 to C$45.00 and gave the company a sector perform rating in a research note on Tuesday. CIBC raised their target price on shares of Capital Power from C$44.00 to C$45.00 and gave the company a neutral rating in a research note on Tuesday. Finally, Royal Bank of Canada raised their target price on shares of Capital Power from C$42.00 to C$45.00 and gave the company a sector perform rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of C$46.50.

Shares of CPX opened at C$43.30 on Tuesday. The stock has a market capitalization of C$5.03 billion and a P/E ratio of 111.03. Capital Power has a twelve month low of C$36.65 and a twelve month high of C$45.05. The company has a 50 day moving average of C$41.14 and a 200-day moving average of C$40.28. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 125.04.

Capital Power (TSE:CPXGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported C$0.47 earnings per share for the quarter, missing the consensus estimate of C$0.67 by C($0.20). The firm had revenue of C$672.00 million for the quarter. On average, sell-side analysts anticipate that Capital Power will post 2.01 earnings per share for the current fiscal year.

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 transaction of C$521,107.44. Following the completion of the sale, the insider now owns 24,549 shares of the company’s stock, valued at approximately C$1,005,001.69.

About Capital Power (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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