Capital Power (TSE:CPX) Hits New 12-Month High at $38.35

Capital Power Co. (TSE:CPX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$38.35 and last traded at C$38.35, with a volume of 7156 shares traded. The stock had previously closed at C$37.66.

CPX has been the topic of a number of recent analyst reports. CSFB boosted their target price on Capital Power from C$38.00 to C$40.00 in a research report on Wednesday, January 20th. TD Securities boosted their target price on Capital Power from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research report on Monday, February 22nd. Atb Cap Markets raised Capital Power from a “sector perform” rating to an “outperform” rating in a research report on Sunday, February 21st. CIBC lowered Capital Power from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from C$37.00 to C$38.00 in a research report on Wednesday, January 13th. Finally, Raymond James boosted their target price on Capital Power to C$42.00 and gave the stock an “outperform” rating in a research report on Monday, February 22nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Capital Power presently has an average rating of “Buy” and a consensus price target of C$39.56.

The company has a debt-to-equity ratio of 129.70, a current ratio of 1.01 and a quick ratio of 0.73. The firm has a market cap of C$4.06 billion and a PE ratio of 49.26. The business has a fifty day moving average price of C$35.98 and a two-hundred day moving average price of C$34.36.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Friday, February 19th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.27). The firm had revenue of C$516.00 million during the quarter. As a group, sell-side analysts forecast that Capital Power Co. will post 1.8099999 EPS for the current fiscal year.

In other Capital Power news, Senior Officer Bryan Deneve sold 4,400 shares of the business’s stock in a transaction dated Tuesday, February 23rd. The stock was sold at an average price of C$35.25, for a total value of C$155,100.00. Following the transaction, the insider now owns 90,226 shares in the company, valued at C$3,180,466.50.

About Capital Power (TSE:CPX)

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. It generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. The company owns an approximately 6,500 megawatts of power generation capacity at 28 facilities.

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