Capital Power (TSE:CPX) Raised to “Strong-Buy” at Desjardins

Capital Power (TSE:CPX) was upgraded by research analysts at Desjardins from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday, Marketbeat Ratings reports. The firm presently has a C$82.00 price objective on the stock. Desjardins’ price objective indicates a potential upside of 21.93% from the company’s previous close.

Separately, Canadian Imperial Bank of Commerce upped their price objective on shares of Capital Power from C$81.00 to C$82.00 in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$76.56.

Capital Power Stock Performance

CPX stock opened at C$67.25 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 141.73. The firm has a 50 day moving average of C$64.44 and a two-hundred day moving average of C$63.61. The company has a market capitalization of C$10.52 billion, a price-to-earnings ratio of 76.42, a P/E/G ratio of 0.91 and a beta of 0.49. Capital Power has a 12 month low of C$50.01 and a 12 month high of C$73.80.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C($0.13) earnings per share (EPS) for the quarter. The firm had revenue of C$1.06 billion for the quarter. Capital Power had a return on equity of 3.30% and a net margin of 4.82%. As a group, equities analysts anticipate that Capital Power will post 2.8197088 EPS for the current fiscal year.

Capital Power Company Profile

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.