Capital Power (CPX) Reaches New 52-Week High at $29.25

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Capital Power Corp (TSE:CPX)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$29.25 and last traded at C$29.26, with a volume of 118385 shares trading hands. The stock had previously closed at C$29.04.

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Capital Power from C$28.00 to C$29.00 in a research note on Friday, September 7th. Industrial Alliance Securities upped their price target on shares of Capital Power from C$30.00 to C$31.00 in a research note on Friday, September 7th. Raymond James increased their price objective on shares of Capital Power from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Friday, September 7th. National Bank Financial increased their price objective on shares of Capital Power from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Friday, September 7th. Finally, TD Securities increased their price objective on shares of Capital Power from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$29.78.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Monday, July 30th. The company reported C$0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.35 by C($0.13). The firm had revenue of C$363.00 million for the quarter, compared to analyst estimates of C$297.19 million. Capital Power had a negative return on equity of 2.75% and a negative net margin of 4.98%.

About Capital Power (TSE:CPX)

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 4,500 megawatts of power generation capacity.

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