Capital Power (CPX), the Utilities sector company, was revisited by a Wall Street analyst yesterday. Analyst Robert Kwan from RBC Capital rated Capital Power (CPX) a Hold, setting a C$30 price target.
According to TipRanks.com, Kwan is ranked #188 out of 5188 analysts.
Currently, the analyst consensus on Capital Power is a Hold with an average price target of C$30.40, implying a 3.5% upside from current levels. In a report issued on February 7, Canaccord Genuity also downgraded the stock to Hold with a C$31 price target.
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Based on Capital Power’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$334 million and net profit of C$20 million. In comparison, last year the company earned revenue of C$286 million and had a GAAP net loss of C$10 million.
Capital Power Corp. engages in the development, acquisition, construction, operation, and optimization of power generation facilities. Its projects include Halkirk, Port Dover and Nanticoke, Keephills 3, and K2 wind power. The company was founded on May 1, 2009 and is headquartered in Edmonton, Canada.
The company’s shares closed on Wednesday at C$29.37, close to its 52-week high of C$30.25.
