BMO Capital Markets Has Lowered Expectations for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its target price cut by research analysts at BMO Capital Markets from C$85.00 to C$81.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 20.23% from the company’s current price.

Several other equities analysts also recently commented on CPX. Desjardins raised their target price on 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. Canadian Imperial Bank of Commerce dropped their price objective on Capital Power from C$85.00 to C$83.00 in a research note on Thursday. National Bank Financial lifted their price objective 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. Scotiabank reduced their target price on shares of Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on shares of Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Capital Power presently has a consensus rating of “Buy” and a consensus target price of C$80.11.

Capital Power Stock Performance

TSE CPX traded up C$1.37 during trading on Thursday, hitting C$67.37. The company’s stock had a trading volume of 378,011 shares, compared to its average volume of 678,163. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00. The firm has a 50 day moving average price of C$71.86 and a 200 day moving average price of C$66.19. The firm has a market cap of C$10.54 billion, a P/E ratio of -612.45, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. Capital Power has a 52 week low of C$56.08 and a 52 week high of C$77.02.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The business had revenue of C$714.00 million for the quarter. Equities research analysts forecast that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Insider Activity at Capital Power

In related news, insider Jason Daniel Comandante sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total transaction of C$112,320.00. Following the sale, the insider directly 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 owned by insiders.

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.