National Bankshares Raises Capital Power (TSE:CPX) Price Target to C$52.00

Capital Power (TSE:CPXGet Rating) had its price target hoisted by investment analysts at National Bankshares from C$50.00 to C$52.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 4.71% from the stock’s current price.

Several other brokerages have also recently issued reports on CPX. TD Securities boosted their price objective on shares of Capital Power from C$51.00 to C$52.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. Credit Suisse Group boosted their price objective on shares of Capital Power from C$50.00 to C$54.00 and gave the company an “outperform” rating in a research note on Monday, July 25th. ATB Capital boosted their price objective on shares of Capital Power from C$46.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Wednesday. CIBC boosted their price objective 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, May 3rd. Finally, BMO Capital Markets boosted their price objective on shares of Capital Power from C$43.00 to C$46.00 in a research note on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$50.70.

Capital Power Trading Up 1.6 %

Shares of CPX opened at C$49.66 on Wednesday. The stock has a fifty day moving average of C$46.12 and a two-hundred day moving average of C$42.88. The company has a debt-to-equity ratio of 110.14, a quick ratio of 0.57 and a current ratio of 0.82. The company has a market capitalization of C$5.78 billion and a PE ratio of 95.50. Capital Power has a fifty-two week low of C$36.65 and a fifty-two week high of C$49.87.

Capital Power (TSE:CPXGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The company reported C$0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.76 by C$0.17. The company had revenue of C$501.00 million for the quarter. As a group, analysts forecast that Capital Power will post 2.4175438 EPS for the current year.

Insider Buying and Selling

In other Capital Power news, Senior Officer Bryan Deneve sold 1,600 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of C$43.85, for a total value of C$70,160.00. Following the transaction, the insider now owns 18,400 shares in the company, valued at approximately C$806,840. In other Capital Power news, Senior Officer Bryan Deneve sold 1,600 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of C$43.85, for a total value of C$70,160.00. Following the transaction, the insider now owns 18,400 shares in the company, valued at approximately C$806,840. Also, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of C$44.72, for a total transaction of C$268,338.00. Following the completion of the transaction, the insider now owns 24,549 shares in the company, valued at approximately C$1,097,904.93.

About Capital Power

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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 6,600 megawatts of power generation capacity at 26 facilities.

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