Capital Power Co. (TSE:CPX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Capital Power Co. (TSE:CPX) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$76.56.

A number of equities analysts have weighed in on CPX shares. Royal Bank Of Canada raised their target price on shares of 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. BMO Capital Markets reduced their price objective on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Desjardins lifted their price objective on Capital Power from C$80.00 to C$82.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. ATB Cormark Capital Markets set a C$75.00 target price on Capital Power and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. Finally, National Bank Financial set a C$74.00 price target on Capital Power and gave the company an “outperform” rating in a report on Wednesday, December 17th.

Capital Power Stock Up 0.5%

TSE:CPX opened at C$62.22 on Wednesday. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The firm’s 50-day moving average price is C$59.72 and its 200-day moving average price is C$62.41. The company has a market capitalization of C$9.68 billion, a PE ratio of 22.38, a P/E/G ratio of 0.91 and a beta of 0.66. Capital Power has a 1-year low of C$41.87 and a 1-year high of C$73.80.

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.