Capital Power (CPX) PT Raised to C$34.00 at National Bank Financial

Capital Power (TSE:CPX) had its target price increased by National Bank Financial from C$33.00 to C$34.00 in a research report report published on Tuesday. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for Capital Power’s FY2018 earnings at $1.27 EPS and FY2019 earnings at $3.12 EPS.

Several other analysts also recently weighed in on CPX. CIBC increased their target price on Capital Power from C$28.00 to C$29.00 in a research note on Tuesday, July 31st. Raymond James increased their target price on Capital Power from C$30.00 to C$31.00 and gave the company an outperform rating in a research note on Friday, September 7th. TD Securities increased their target price on Capital Power from C$29.00 to C$31.00 and gave the company a buy rating in a research note on Friday, September 7th. BMO Capital Markets increased their target price on Capital Power from C$28.00 to C$29.00 in a research note on Friday, September 7th. Finally, Royal Bank of Canada increased their target price on Capital Power from C$27.00 to C$28.00 and gave the company a sector perform rating in a research note on Tuesday, July 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of C$30.00.

Shares of TSE:CPX opened at C$27.07 on Tuesday. Capital Power has a twelve month low of C$22.15 and a twelve month high of C$29.79.

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

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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