Capital Power (TSE:CPX – Get Free Report) had its price target reduced by equities researchers at National Bankshares from C$45.00 to C$43.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 20.68% from the company’s current price.
Several other brokerages also recently weighed in on CPX. Desjardins cut their target price on shares of Capital Power from C$51.00 to C$49.00 and set a “buy” rating for the company in a research note on Tuesday. TD Securities reduced their price objective on shares of Capital Power from C$49.00 to C$47.00 in a research note on Thursday. Scotiabank decreased their target price on shares of Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. ATB Capital cut their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th. Finally, Raymond James decreased their price objective on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Capital Power has a consensus rating of “Hold” and a consensus price target of C$44.45.
Get Our Latest Analysis on CPX
Capital Power Stock Performance
Capital Power (TSE:CPX – Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$984.00 million for the quarter. Sell-side analysts anticipate that Capital Power will post 3.1532468 earnings per share for the current year.
Insider Transactions at Capital Power
In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total transaction of C$204,296.98. Company 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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