In a new note to investors today, an analyst has provided a rating update for the Utilities sector company, Capital Power (CPX). The company received a Hold rating from RBC Capital’s analyst Robert Kwan, with a C$29 price target.
According to TipRanks.com, Kwan is ranked #199 out of 5115 analysts.
Currently, the analyst consensus on Capital Power is a Moderate Buy with an average price target of C$30.60.
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$274 million and had a GAAP net loss of C$5 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 Friday at C$28.57, close to its 52-week high of C$29.79.
