Capital Power (TSE:CPX) Downgraded to Hold Rating by Atb Cap Markets

Capital Power (TSE:CPX) was downgraded by Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports. Atb Cap Markets also issued estimates for Capital Power’s Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.90 EPS and FY2026 earnings at $4.38 EPS.

CPX has been the topic of a number of other research reports. ATB Capital increased their price target on Capital Power from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday. Scotiabank raised Capital Power from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$46.00 to C$60.00 in a research report on Thursday. Royal Bank of Canada dropped their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research report on Thursday. Desjardins increased their price target on Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets increased their price target on Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$55.11.

Capital Power Stock Up 4.0 %

Shares of CPX opened at C$56.47 on Wednesday. The stock has a market capitalization of C$7.34 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$56.82. The business’s 50 day simple moving average is C$48.03 and its 200-day simple moving average is C$42.30. 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) last released its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The company had revenue of C$774.00 million for the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. As a group, equities analysts expect that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Insider Buying and Selling at Capital Power

In other 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 ninety days, insiders sold 6,400 shares of company stock worth $322,274. 0.17% of the stock is owned by 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.