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

Capital Power Co. (TSE:CPX) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$74.33.

Several research firms have recently issued reports on CPX. Desjardins upped their price objective on Capital Power from C$80.00 to C$83.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. TD Securities raised their price objective on Capital Power from C$72.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Scotiabank raised their price target on 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. National Bankshares lifted their target price on shares of Capital Power from C$66.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, ATB Capital lifted their price target on Capital Power from C$60.00 to C$68.00 and gave the company a “sector perform” rating in a report on Friday, September 19th.

Capital Power Trading Up 1.7%

Shares of CPX stock opened at C$62.38 on Friday. The firm has a market capitalization of C$9.71 billion, a P/E ratio of 22.44, a PEG ratio of 0.91 and a beta of 0.54. Capital Power has a fifty-two week low of C$41.87 and a fifty-two week high of C$73.80. The stock’s fifty day moving average is C$67.06 and its two-hundred day moving average is C$61.18. 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 (TSE:CPX) last posted its quarterly earnings results 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%. Research analysts expect that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

About Capital Power

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.