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

Shares of Capital Power Co. (TSE:CPX) have been assigned an average rating of “Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$78.56.

A number of equities analysts recently issued reports on CPX shares. National Bank Financial raised their price objective on shares of Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Desjardins set a C$82.00 price objective on shares of Capital Power and gave the stock a “top pick” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company set a C$70.00 price objective on shares of Capital Power and gave the stock an “equal weight” rating in a report on Tuesday, May 12th.

Insider Activity

In related news, insider Jason Daniel Comandante sold 1,500 shares of the firm’s 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 transaction, the insider owned 8,711 shares of the company’s stock, valued at approximately C$652,279.68. This trade represents a 14.69% decrease in their ownership of the stock. Insiders own 0.17% of the company’s stock.

Capital Power Stock Performance

CPX opened at C$73.95 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00. The company has a market cap of C$11.57 billion, a price-to-earnings ratio of -672.27, a PEG ratio of 0.91 and a beta of 0.60. The company’s 50 day moving average is C$68.62 and its 200 day moving average is C$64.23. Capital Power has a 12-month low of C$54.03 and a 12-month high of C$75.70.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company 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 predict that Capital Power will post 2.8197088 EPS for the current year.

About Capital Power

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.