Capital Power Co. (TSE:CPX – Get Free Report)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$43.50 and last traded at C$43.07, with a volume of 105627 shares changing hands. The stock had previously closed at C$41.46.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of 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. Royal Bank of Canada dropped their target price on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 2nd. National Bankshares reduced their target price on shares of Capital Power from C$45.00 to C$43.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Raymond James reduced their price objective on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. Finally, CIBC raised their target price on Capital Power from C$41.00 to C$42.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Capital Power presently has an average rating of “Hold” and a consensus target price of C$45.36.
View Our Latest Analysis on CPX
Capital Power Trading Up 2.9 %
Capital Power (TSE:CPX – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$1.57 EPS for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.93. Capital Power had a net margin of 16.78% and a return on equity of 19.80%. The firm had revenue of C$1.12 billion during the quarter. On average, research analysts forecast that Capital Power Co. will post 3.1603928 EPS for the current fiscal year.
Insider Buying and Selling at Capital Power
In related news, Senior Officer Bryan Deneve acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average cost of C$37.14 per share, for a total transaction of C$185,700.00. Corporate insiders own 0.17% of the company’s stock.
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.
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