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

Capital Power (TSE:CPX) had its price target upped by equities research analysts at CIBC from C$41.00 to C$42.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 3.09% from the stock’s previous close.

CPX has been the topic of several other research reports. National Bankshares decreased their price target on shares of Capital Power from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. ATB Capital set a C$40.00 price target on shares of Capital Power and gave the stock a “sector perform” rating in a report on Thursday, June 6th. TD Securities reduced their target price on Capital Power from C$49.00 to C$47.00 in a research note on Thursday, May 2nd. Raymond James reduced their target price on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Finally, BMO Capital Markets reduced their target price on Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$45.18.

Capital Power Stock Performance

Capital Power stock traded up C$0.75 during trading on Monday, hitting C$40.74. The stock had a trading volume of 106,422 shares, compared to its average volume of 471,715. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$42.37. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95. The stock’s 50 day moving average is C$39.62 and its two-hundred day moving average is C$38.01. The stock has a market cap of C$5.26 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58.

Capital Power (TSE:CPX) last posted its earnings results on Wednesday, May 1st. The company reported C$1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.64 by C$0.93. The firm 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, analysts predict that Capital Power will post 3.1603928 EPS for the current year.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve sold 2,441 shares of the stock in a transaction dated 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 currently owned by company 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.