Capital Power (TSE:CPX) Price Target Raised to C$42.00 at ATB Capital

Capital Power (TSE:CPX) had its price target raised by analysts at ATB Capital from C$40.00 to C$42.00 in a research note issued on Wednesday, BayStreet.CA reports. ATB Capital’s price target points to a potential upside of 0.89% from the company’s current price.

Several other analysts have also recently commented on CPX. TD Securities lowered their price target on Capital Power from C$49.00 to C$47.00 in a report on Thursday, May 2nd. Royal Bank of Canada dropped their price target on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a research report on Thursday, May 2nd. Scotiabank increased their price target on shares of Capital Power from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 12th. Raymond James lowered their price objective on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Finally, National Bankshares cut their target price on Capital Power from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$45.36.

Capital Power Trading Up 1.1 %

Shares of CPX traded up C$0.44 on Wednesday, hitting C$41.63. 189,569 shares of the stock traded hands, compared to its average volume of 472,574. The firm has a market capitalization of C$5.38 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.91 and a beta of 0.58. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$42.37. The stock’s 50 day moving average is C$39.76 and its two-hundred day moving average is C$38.06.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C$1.57 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.93. The company had revenue of C$1.12 billion for the quarter. Capital Power had a return on equity of 19.80% and a net margin of 16.78%. As a group, sell-side analysts predict that Capital Power will post 3.1603928 earnings per share for the current year.

Insider Buying and Selling at Capital Power

In other news, Senior Officer Bryan Deneve sold 2,441 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of C$40.38, for a total transaction of C$98,577.10. 0.17% of the stock is owned by corporate insiders.

About Capital Power

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.