Capital Power (CPX), the Utilities sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Mark Jarvi from CIBC remains neutral on the stock and has a C$32.00 price target.
According to TipRanks.com, Jarvi is a 3-star analyst with an average return of 1.9% and a 60.0% success rate. Jarvi covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities Corp, Just Energy Group Inc, and Northland Power Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Capital Power with a C$31.75 average price target.
Based on Capital Power’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$377 million and net profit of C$108 million. In comparison, last year the company earned revenue of C$334 million and had a net profit of C$20 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 last Wednesday at C$30.57.
