Capital Power (TSE:CPX) Price Target Raised to C$56.00 at BMO Capital Markets

Capital Power (TSE:CPX) had its price target upped by equities researchers at BMO Capital Markets from C$47.00 to C$56.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 0.27% from the company’s current price.

Several other equities research analysts have also recently weighed in on CPX. ATB Capital boosted their price objective on Capital Power from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday. TD Securities lifted their price objective on shares of Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada dropped their price target on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research note on Thursday. Atb Cap Markets upgraded Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 26th. Finally, Desjardins raised their price target on Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Capital Power presently has a consensus rating of “Moderate Buy” and a consensus price target of C$55.11.

Capital Power Price Performance

TSE:CPX traded up C$1.85 during trading hours on Thursday, reaching C$56.15. The stock had a trading volume of 419,916 shares, compared to its average volume of 466,870. The stock has a market capitalization of C$7.30 billion, a PE ratio of 11.12, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$56.82. The company has a 50 day moving average price of C$48.03 and a two-hundred day moving average price of C$42.30. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). The business had revenue of C$774.00 million for the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. As a group, sell-side analysts anticipate that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders sold 6,400 shares of company stock valued at $322,274 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

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.