Capital Power Co. (TSE:CPX) Given Average Recommendation of “Buy” by Brokerages

Shares of Capital Power Co. (TSE:CPXGet Rating) have been assigned an average rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$46.59.

Several equities research analysts have recently weighed in on CPX shares. CIBC upped their price target on shares of Capital Power from C$44.00 to C$45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 3rd. Raymond James set a C$48.50 price objective on shares of Capital Power and gave the stock a “market perform” rating in a research note on Tuesday, May 3rd. BMO Capital Markets boosted their price objective on shares of Capital Power from C$42.00 to C$43.00 in a research note on Tuesday, May 3rd. Scotiabank boosted their price objective on shares of Capital Power from C$44.00 to C$45.00 in a research note on Tuesday, May 3rd. Finally, Royal Bank of Canada upped their price target on Capital Power from C$42.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 3rd.

In other Capital Power news, Senior Officer Burness Kathryn Chisholm sold 12,729 shares of the company’s stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of C$40.94, for a total value of C$521,107.44. Following the sale, the insider now directly owns 24,549 shares of the company’s stock, valued at C$1,005,001.69. Also, Senior Officer Bryan Deneve sold 1,600 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of C$43.85, for a total transaction of C$70,160.00. Following the completion of the sale, the insider now directly owns 18,400 shares in the company, valued at C$806,840. Insiders have sold 14,429 shares of company stock worth $595,415 over the last three months.

TSE CPX opened at C$43.82 on Friday. The company’s 50-day moving average price is C$41.93 and its 200-day moving average price is C$40.31. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 125.04. The stock has a market cap of C$5.09 billion and a PE ratio of 112.36. Capital Power has a 12 month low of C$36.65 and a 12 month high of C$45.05.

Capital Power (TSE:CPXGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported C$0.47 EPS for the quarter, missing analysts’ consensus estimates of C$0.67 by C($0.20). The firm had revenue of C$672.00 million for the quarter. As a group, sell-side analysts forecast that Capital Power will post 2.0900001 earnings per share for the current year.

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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Analyst Recommendations for Capital Power (TSE:CPX)

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