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

Capital Power (TSE:CPX) had its target price dropped by equities research analysts at Raymond James from C$46.00 to C$45.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James’ target price indicates a potential upside of 27.44% from the stock’s previous close. 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.

CPX has been the topic of a number of other reports. CIBC lowered their target price on Capital Power from C$43.00 to C$40.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Scotiabank cut their price objective on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th. ATB Capital reduced 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 report on Wednesday, January 17th. Royal Bank of Canada cut their target price on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Thursday, February 29th. Finally, National Bankshares dropped their price target on Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$45.91.

Capital Power Stock Down 0.2 %

Capital Power stock 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. Capital Power has a 52-week low of C$35.11 and a 52-week high of C$46.73. The firm has a 50 day moving average price of C$37.47 and a two-hundred day moving average price of C$37.38. The firm has a market cap 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.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.02. The company had revenue of C$984.00 million during the quarter. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. Equities analysts predict that Capital Power will post 3.1532468 EPS for the current year.

Insider Activity at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. Company 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.