Capital Power (TSE:CPX) PT Raised to C$57.00

Capital Power (TSE:CPX - Get Free Report) had its price target raised by research analysts at TD Securities from C$48.00 to C$57.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 13.07% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. CIBC increased their target price on shares of Capital Power from C$42.00 to C$45.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. BMO Capital Markets lifted their target price on shares of Capital Power from C$42.00 to C$47.00 in a report on Thursday, September 5th. Desjardins increased their price target on shares of Capital Power from C$53.00 to C$54.00 and gave the company a "buy" rating in a report on Tuesday, August 20th. Royal Bank of Canada upped their target price on Capital Power from C$39.00 to C$44.00 and gave the company a "sector perform" rating in a research report on Thursday, August 1st. Finally, ATB Capital lifted their price target on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$47.44.

Capital Power Stock Down 1.1 %

CPX stock traded down C$0.54 during trading hours on Tuesday, reaching C$50.41. 513,300 shares of the stock were exchanged, compared to its average volume of 464,817. The company has a market cap of C$6.55 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.91 and a beta of 0.64. The firm's 50-day moving average is C$47.66 and its 200-day moving average is C$42.08. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$52.44. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55.

Capital Power (TSE:CPX - Get Free Report) last announced its 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). Capital Power had a net margin of 16.77% and a return on equity of 19.49%. The firm had revenue of C$774.00 million during the quarter. On average, equities research analysts expect that Capital Power will post 2.8197088 earnings per share for the current year.

Insider Activity

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the company's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Over the last three months, insiders have sold 6,400 shares of company stock valued at $322,274. 0.17% of the stock is currently 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.