National Bank Financial Increases Capital Power (CPX) Price Target to C$34.00

Capital Power (TSE:CPX) had its price target raised by research analysts at National Bank Financial from C$33.00 to C$34.00 in a report released on Tuesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 26.58% from the company’s previous close.

Other analysts have also issued reports about the stock. Royal Bank of Canada raised their price objective on shares of Capital Power from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 31st. CIBC raised their price objective on shares of Capital Power from C$28.00 to C$29.00 in a report on Tuesday, July 31st. TD Securities raised their price objective on shares of Capital Power from C$28.00 to C$29.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Raymond James restated an “outperform” rating and issued a C$30.00 price objective on shares of Capital Power in a report on Tuesday, July 31st. Finally, CSFB raised their price objective on shares of Capital Power from C$26.00 to C$28.00 and gave the stock a “neutral” rating in a report on Friday, September 7th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$29.89.

Shares of TSE:CPX traded down C$1.46 on Tuesday, reaching C$26.86. 397,037 shares of the company traded hands, compared to its average volume of 232,919. Capital Power has a 52 week low of C$22.15 and a 52 week high of C$29.79.



Capital Power (TSE:CPX) last posted its earnings results on Monday, July 30th. The company reported C$0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.35 by C($0.13). The business had revenue of C$363.00 million during the quarter, compared to the consensus estimate of C$297.19 million. Capital Power had a negative return on equity of 2.75% and a negative net margin of 4.98%.

Capital Power Company Profile

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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Analyst Recommendations for Capital Power (TSE:CPX)

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