On December 6, an analyst has provided a rating update for Capital Power (CPX). The company received a Hold on December 6 from Raymond James’ analyst David Quezada, with a C$31 price target.
Quezada has an average return of 10.0% when recommending Capital Power.
According to TipRanks.com, Quezada is ranked #3520 out of 5108 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Capital Power with a C$30.29 average price target, representing a 6.8% upside. In a report issued on December 7, RBC Capital also maintained a Hold rating on the stock with a C$29 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$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.
