Capital Power (CPX) Given New C$32.00 Price Target at CSFB

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Capital Power (TSE:CPX) had its target price upped by CSFB from C$28.00 to C$32.00 in a note issued to investors on Thursday, BayStreet.CA reports. CSFB’s target price suggests a potential upside of 0.66% from the company’s current price.

CPX has been the topic of a number of other research reports. CIBC boosted their price target on shares of Capital Power from C$30.00 to C$31.50 in a report on Wednesday, April 3rd. TD Securities boosted their price target on shares of Capital Power from C$31.00 to C$33.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Royal Bank of Canada boosted their price target on shares of Capital Power from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a report on Wednesday, February 20th. Finally, Raymond James restated a “market perform” rating and set a C$31.00 price target on shares of Capital Power in a report on Wednesday, February 20th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$31.17.

Shares of TSE CPX traded up C$0.31 during midday trading on Thursday, reaching C$31.79. The company’s stock had a trading volume of 98,517 shares, compared to its average volume of 264,134. The company has a debt-to-equity ratio of 85.44, a current ratio of 1.02 and a quick ratio of 0.69. Capital Power has a one year low of C$23.64 and a one year high of C$32.44. The company has a market capitalization of $3.19 billion and a P/E ratio of 14.13.

Capital Power (TSE:CPX) last released its earnings results on Tuesday, February 19th. The company reported C$0.33 EPS for the quarter, missing analysts’ consensus estimates of C$0.50 by C($0.17). The company had revenue of C$335.00 million for the quarter. On average, analysts anticipate that Capital Power will post 1.93000009809403 earnings per share for the current year.

In related news, Senior Officer Darcy Trufyn sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$30.68, for a total transaction of C$276,120.00. Following the transaction, the insider now directly owns 36,495 shares of the company’s stock, valued at C$1,119,666.60. Also, Senior Officer Bryan Deneve sold 20,904 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$30.00, for a total transaction of C$627,120.00. Following the transaction, the insider now directly owns 83,304 shares in the company, valued at C$2,499,120.

About Capital Power

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 5,100 megawatts of power generation capacity.

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Analyst Recommendations for Capital Power (TSE:CPX)

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