In a report released on July 8, Julien Dumoulin Smith from Jefferies maintained a Hold rating on Capital Power, with a price target of C$72.00. The company’s shares closed last Friday at C$74.40.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Dumoulin Smith covers the Utilities sector, focusing on stocks such as Fortis, FirstEnergy, and CMS Energy. According to TipRanks, Dumoulin Smith has an average return of 10.9% and a 64.26% success rate on recommended stocks.
Capital Power has an analyst consensus of Strong Buy, with a price target consensus of C$82.91.
Based on Capital Power’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.08 billion and a net profit of C$15 million. In comparison, last year the company earned a revenue of C$775 million and had a net profit of C$151 million
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPX in relation to earlier this year.
