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

Shares of Capital Power Co. (TSE:CPX) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$63.11.

CPX has been the topic of a number of research analyst reports. ATB Capital decreased their price objective on shares of Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Cibc World Mkts upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets raised shares of Capital Power from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. TD Securities dropped their price objective on shares of Capital Power from C$70.00 to C$66.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group downgraded Capital Power from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$59.00 to C$60.00 in a report on Thursday.

Insider Activity

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of C$53.63, for a total value of C$51,590.14. Also, Senior Officer Sandra Anne Haskins sold 5,710 shares of Capital Power stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of C$53.00, for a total transaction of C$302,631.14. Insiders have sold a total of 8,672 shares of company stock valued at $460,121 in the last 90 days. 0.17% of the stock is owned by company insiders.

Capital Power Stock Performance

TSE:CPX opened at C$56.17 on Friday. The stock has a market capitalization of C$7.93 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. Capital Power has a 1 year low of C$38.33 and a 1 year high of C$68.73. The firm has a 50 day moving average of C$51.82 and a 200-day moving average of C$54.42.

Capital Power Company Profile

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.