Capital Power (TSE:CPX – Get Free Report) had its target price decreased by research analysts at Scotiabank from C$45.00 to C$40.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 10.96% from the company’s previous close.
Other equities analysts have also issued research reports about the company. ATB Capital reduced their target price on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. TD Securities reduced their price objective on Capital Power from C$49.00 to C$47.00 in a research note on Thursday. BMO Capital Markets cut their price target on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a report on Thursday. Desjardins decreased their price objective on shares of Capital Power from C$51.00 to C$49.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, CIBC cut their price objective on shares of Capital Power from C$40.00 to C$39.00 and set a “neutral” rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$44.45.
Capital Power Stock Performance
Capital Power (TSE:CPX – Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The company had revenue of C$984.00 million for the quarter. Analysts expect that Capital Power will post 3.2094897 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value of C$204,296.98. 0.17% of the stock is currently owned by company insiders.
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.
Featured Stories
- Five stocks we like better than Capital Power
- What does consumer price index measure?
- Appleās Earnings Show Investors Its Strength and Its Weakness
- EV Stocks and How to Profit from Them
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- Insider Buying Explained: What Investors Need to Know
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.