Capital Power (TSE:CPX) Price Target Raised to C$82.00 at Desjardins

Capital Power (TSE:CPX) had its price objective lifted by Desjardins from C$80.00 to C$82.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently weighed in on the stock. Scotiabank raised their target price on shares of Capital Power from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. CIBC dropped their price objective on shares of 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. Evercore ISI upgraded Capital Power to a “strong-buy” rating in a research report on Monday, October 6th. Royal Bank Of Canada lifted their target price on Capital Power from C$67.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, National Bankshares set a C$74.00 price target on Capital Power and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$76.67.

Capital Power Stock Down 0.8%

Shares of CPX opened at C$58.80 on Thursday. The business’s 50 day moving average is C$62.19 and its 200 day moving average is C$62.01. The company has a market capitalization of C$9.15 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.91 and a beta of 0.53. Capital Power has a 12-month low of C$41.87 and a 12-month high of C$73.80. 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 posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.94 earnings per share for the quarter. Capital Power had a return on equity of 15.16% and a net margin of 15.53%.The business had revenue of C$1.20 billion during the quarter. Research analysts expect that Capital Power will post 2.8197088 earnings per share for the current fiscal 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.