Wells Fargo & Company Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its price target upped by Wells Fargo & Company from C$72.00 to C$75.00 in a report released on Monday morning,BayStreet.CA reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Desjardins lifted their price objective on shares of Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research report on Friday, July 3rd. National Bank Financial lifted their price target on Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, BMO Capital Markets upped their price target on Capital Power from C$75.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Capital Power has an average rating of “Buy” and a consensus target price of C$80.56.

Capital Power Stock Performance

Shares of CPX opened at C$70.51 on Monday. The company has a 50-day moving average of C$71.72 and a two-hundred day moving average of C$66.08. The stock has a market cap of C$11.03 billion, a price-to-earnings ratio of -641.00, a PEG ratio of 0.91 and a beta of 0.63. The company has a debt-to-equity ratio of 146.00, a current ratio of 0.69 and a quick ratio of 0.55. Capital Power has a one year low of C$56.08 and a one year high of C$77.02.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$1.18 billion for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. On average, equities research analysts expect that Capital Power will post 2.8197088 earnings per share for the current year.

Insider Transactions at Capital Power

In other Capital Power news, insider Jason Daniel Comandante sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total value of C$112,320.00. Following the completion of the sale, the insider owned 8,711 shares in the company, valued at C$652,279.68. This represents a 14.69% decrease in their position. 0.17% of the stock is currently owned by insiders.

Capital Power Company Profile

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.