Capital Power (TSE:CPX – Get Free Report) had its target price decreased by research analysts at Scotiabank from C$45.00 to C$40.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 12.26% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. Desjardins cut their price target on shares of Capital Power from C$51.00 to C$49.00 and set a “buy” rating on the stock in a report on Tuesday. National Bankshares reduced 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 research report on Thursday. TD Securities decreased their price target on shares of Capital Power from C$49.00 to C$47.00 in a research note on Thursday. BMO Capital Markets cut their price objective on Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, Raymond James decreased their target price 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Capital Power has a consensus rating of “Hold” and an average target price of C$44.45.
Read Our Latest Research Report on CPX
Capital Power Trading Up 0.3 %
Capital Power (TSE:CPX – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.72 by C$0.02. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. The business had revenue of C$984.00 million during the quarter. As a group, equities research analysts expect that Capital Power will post 3.1532468 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. Corporate insiders own 0.17% of the company’s stock.
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.
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