Capital Power (TSE:CPX) Price Target Raised to C$56.00 at National Bankshares

Capital Power (TSE:CPX) had its price target boosted by investment analysts at National Bankshares from C$47.00 to C$56.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential downside of 0.27% from the stock’s previous close.

Several other research firms also recently weighed in on CPX. Royal Bank of Canada lowered their price objective on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday. CIBC upped their target price on shares of Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a report on Thursday. Desjardins raised their price target on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a research report on Thursday. 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 report on Thursday. Finally, BMO Capital Markets increased their price objective on Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a research note on Thursday. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$55.11.

Capital Power Stock Up 3.4 %

CPX stock traded up C$1.85 during trading on Thursday, reaching C$56.15. 419,916 shares of the stock were exchanged, compared to its average volume of 466,870. The firm’s 50 day moving average is C$48.03 and its 200 day moving average is C$42.30. The firm has a market cap of C$7.30 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$56.82.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$774.00 million for the quarter. As a group, research analysts forecast that Capital Power will post 2.8197088 EPS for the current year.

Insider Activity

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’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 sold 6,400 shares of company stock worth $322,274. 0.17% of the stock is owned by corporate insiders.

Capital Power Company Profile

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.