National Bankshares Has Lowered Expectations for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its price target dropped by equities researchers at National Bankshares from C$65.00 to C$62.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 16.15% from the company’s previous close.

A number of other research firms have also commented on CPX. ATB Capital reduced their price objective on shares of Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Desjardins boosted their price objective on Capital Power from C$67.00 to C$68.00 and gave the company a “buy” rating in a research note on Thursday. Cibc World Mkts raised Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. TD Securities cut their target price on shares of Capital Power from C$70.00 to C$66.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets raised Capital Power from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Capital Power has an average rating of “Moderate Buy” and a consensus target price of C$63.50.

Capital Power Price Performance

Shares of TSE:CPX opened at C$53.38 on Thursday. The firm’s fifty day moving average is C$48.11 and its 200-day moving average is C$54.52. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The firm has a market cap of C$7.54 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a 52 week low of C$35.69 and a 52 week high of C$68.73.

Capital Power Company Profile

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.