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

Shares of Capital Power Co. (TSE:CPX) have been given an average recommendation of “Buy” by the eleven brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$76.56.

Several analysts have recently weighed in on the company. National Bankshares set a C$74.00 price target on Capital Power and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Scotiabank lifted 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 research report on Monday, October 20th. Evercore ISI raised shares of Capital Power to a “strong-buy” rating in a report on Monday, October 6th. BMO Capital Markets dropped their price target on shares of Capital Power from C$79.00 to C$78.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. Finally, Desjardins lifted their price target on shares of Capital Power from C$80.00 to C$82.00 and gave the stock a “buy” rating in a report on Thursday, January 8th.

Capital Power Price Performance

Shares of TSE CPX opened at C$58.80 on Friday. The business has a fifty day moving average price of C$60.25 and a two-hundred day moving average price of C$62.28. The stock has a market capitalization of C$9.15 billion, a PE ratio of 21.15, a P/E/G ratio of 0.91 and a beta of 0.53. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. Capital Power has a fifty-two week low of C$41.87 and a fifty-two week high of C$73.80.

Capital Power (TSE:CPX) last issued its earnings results 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 company had revenue of C$1.20 billion during the quarter. As a group, equities analysts predict 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.