CIBC Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its price target lifted by CIBC from C$81.00 to C$82.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other analysts have also weighed in on CPX. ATB Capital set a C$75.00 price target on shares of Capital Power and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. BMO Capital Markets dropped their target price on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. TD Securities upped their target price on Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Evercore ISI upgraded Capital Power to a “strong-buy” rating in a research report on Monday, October 6th. Finally, Scotiabank boosted their price objective on Capital Power from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$76.56.

Capital Power Price Performance

Shares of CPX opened at C$58.17 on Wednesday. The firm has a market capitalization of C$9.05 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 0.91 and a beta of 0.53. 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 has a one year low of C$41.87 and a one year high of C$73.80. The stock’s fifty day moving average is C$60.43 and its 200-day moving average is C$62.28.

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