Capital Power Co. (TSE:CPX) Receives Average Rating of “Buy” from Analysts

Capital Power Co. (TSE:CPX) has received an average recommendation of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$76.78.

Several equities research analysts recently weighed in on CPX shares. National Bankshares set a C$74.00 target price on shares of Capital Power and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. CIBC dropped their price target on shares of Capital Power from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Royal Bank Of Canada increased their price objective 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. Desjardins boosted their target price on Capital Power from C$80.00 to C$83.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Evercore ISI upgraded Capital Power to a “strong-buy” rating in a report on Monday, October 6th.

Capital Power Price Performance

CPX opened at C$59.11 on Tuesday. The stock’s 50-day moving average price is C$64.05 and its 200 day moving average price is C$61.93. Capital Power has a 12-month low of C$41.87 and a 12-month high of C$73.80. The firm has a market cap of C$9.20 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 0.91 and a beta of 0.50. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

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

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. Capital Power’s natural gas and coal facilities, specifically its Genesee and Shepard sites, account for most of its electric capacity and cash flow production.