Capital Power (TSE:CPX) Hits New 12-Month High After Analyst Upgrade

Capital Power Co. (TSE:CPX - Get Free Report) shares hit a new 52-week high during trading on Wednesday after TD Securities raised their price target on the stock from C$48.00 to C$57.00. TD Securities currently has a buy rating on the stock. Capital Power traded as high as C$52.76 and last traded at C$52.60, with a volume of 57072 shares. The stock had previously closed at C$50.41.

A number of other research firms also recently issued reports on CPX. Scotiabank raised their price objective on shares of Capital Power from C$43.00 to C$46.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. CIBC boosted their price objective on shares of Capital Power from C$42.00 to C$45.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. BMO Capital Markets upped their price objective on Capital Power from C$42.00 to C$47.00 in a research note on Thursday, September 5th. National Bankshares boosted their price target on Capital Power from C$44.00 to C$47.00 and gave the company an "outperform" rating in a report on Friday, August 23rd. Finally, Atb Cap Markets raised Capital Power from a "hold" rating to a "strong-buy" rating in a report on Monday, August 26th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Capital Power currently has a consensus rating of "Moderate Buy" and an average price target of C$47.44.

Insiders Place Their Bets

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm's stock in a transaction on Friday, October 4th. The shares were 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 worth $322,274 in the last three months. 0.17% of the stock is owned by company insiders.

Capital Power Stock Up 7.7 %

The company's 50-day simple moving average is C$47.81 and its 200 day simple moving average is C$42.18. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The firm has a market cap of C$7.06 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.51 EPS for the quarter, missing the consensus estimate of C$0.63 by C($0.12). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The company had revenue of C$774.00 million during the quarter. Research analysts anticipate that Capital Power Co. will post 2.8197088 EPS for the current fiscal year.

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.