National Bank Financial Weighs in on Capital Power Corp’s FY2019 Earnings (CPX)

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Capital Power Corp (TSE:CPX) – Research analysts at National Bank Financial raised their FY2019 EPS estimates for shares of Capital Power in a note issued to investors on Monday, October 29th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $3.12 for the year, up from their prior forecast of $2.93. National Bank Financial currently has a “Outperform” rating and a $34.00 price objective on the stock.

CPX has been the topic of several other reports. TD Securities increased their price objective on shares of Capital Power from C$29.00 to C$31.00 and gave the company a “buy” rating in a report on Friday, September 7th. Royal Bank of Canada increased their price objective on shares of Capital Power from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a report on Tuesday, July 31st. CIBC increased their price objective on shares of Capital Power from C$29.00 to C$30.00 in a report on Wednesday, October 24th. Industrial Alliance Securities increased their target price on shares of Capital Power from C$30.00 to C$31.00 in a report on Friday, September 7th. Finally, CSFB increased their target price on shares of Capital Power from C$26.00 to C$28.00 and gave the stock a “neutral” rating in a report on Friday, September 7th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$29.89.

Shares of TSE CPX opened at C$26.93 on Wednesday. Capital Power has a fifty-two week low of C$22.15 and a fifty-two week high of C$29.79.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Monday, July 30th. The company reported C$0.22 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates 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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Earnings History and Estimates for Capital Power (TSE:CPX)

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