BMO Capital Markets Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX) had its price objective hoisted by analysts at BMO Capital Markets from C$47.00 to C$56.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 1.27% from the stock’s current price.

CPX has been the subject of several other research reports. Desjardins lifted their target price on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a report on Thursday. ATB Capital lifted their price objective on Capital Power from C$52.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday. Atb Cap Markets raised Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th. Royal Bank of Canada lowered their target price on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Scotiabank upgraded shares of Capital Power from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$46.00 to C$60.00 in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$55.11.

Capital Power Stock Performance

TSE:CPX opened at C$55.30 on Thursday. The company’s 50-day moving average is C$48.30 and its two-hundred day moving average is C$42.40. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$56.82. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The firm has a market capitalization of C$7.19 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last issued its quarterly earnings data 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). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The business had revenue of C$774.00 million during the quarter. Analysts forecast that Capital Power will post 2.8197088 EPS for the current year.

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were 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 valued at $322,274. 0.17% of the stock is currently owned by corporate 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.