TD Securities Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX) had its price target hoisted by stock analysts at TD Securities from C$48.00 to C$57.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 4.97% from the stock’s previous close.

CPX has been the subject of a number of other reports. BMO Capital Markets lifted their price objective on shares of Capital Power from C$42.00 to C$47.00 in a research note on Thursday, September 5th. Royal Bank of Canada increased their price objective on Capital Power from C$39.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Atb Cap Markets raised Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th. CIBC upped their target price on Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, ATB Capital lifted their price target on Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Capital Power presently has an average rating of “Moderate Buy” and a consensus price target of C$47.44.

Capital Power Stock Up 7.7 %

Capital Power stock opened at C$54.30 on Tuesday. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$54.60. The firm has a market capitalization of C$7.06 billion, a price-to-earnings ratio of 10.75, a P/E/G 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. The firm has a 50 day simple moving average of C$47.81 and a 200 day simple moving average of C$42.18.

Capital Power (TSE:CPX) last released its quarterly earnings data 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 net margin of 16.77% and a return on equity of 19.49%. The business had revenue of C$774.00 million during the quarter. On average, analysts predict that Capital Power will post 2.8197088 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. In the last three months, insiders have sold 6,400 shares of company stock worth $322,274. 0.17% of the stock is currently owned by 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.