Capital Power Co. (TSE:CPX) Given Average Recommendation of “Moderate Buy” by Brokerages

Capital Power Co. (TSE:CPX) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$74.33.

Several equities research analysts have recently issued reports on CPX shares. Scotiabank raised their target price on shares of Capital Power from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Royal Bank Of Canada upped their target price on Capital Power from C$67.00 to C$80.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Evercore ISI raised Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. CIBC dropped their price objective on Capital Power from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, ATB Capital upped their price objective on Capital Power from C$60.00 to C$68.00 and gave the company a “sector perform” rating in a research report on Friday, September 19th.

Capital Power Trading Up 1.7%

CPX stock opened at C$62.38 on Friday. The firm has a fifty day moving average price of C$67.06 and a 200 day moving average price of C$61.18. Capital Power has a fifty-two week low of C$41.87 and a fifty-two week high of C$73.80. The firm has a market cap of C$9.71 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 0.91 and a beta of 0.54. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.94 EPS for the quarter. Capital Power had a net margin of 15.53% and a return on equity of 15.16%. The business had revenue of C$1.20 billion during the quarter. Sell-side analysts anticipate that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

About Capital Power

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.