ATB Capital Upgrades Capital Power (TSE:CPX) to “Outperform”

Capital Power (TSE:CPX) was upgraded by equities research analysts at ATB Capital from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a C$75.00 price target on the stock. ATB Capital’s price target points to a potential upside of 21.99% from the company’s current price.

Several other equities research analysts have also issued reports on CPX. Royal Bank Of Canada increased their target price on shares of Capital Power from C$67.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. TD Securities increased their price objective on shares of Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Evercore ISI upgraded shares of Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. Desjardins upped their target price on shares of Capital Power from C$80.00 to C$83.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, National Bankshares increased their price target on 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$76.67.

Capital Power Price Performance

Shares of Capital Power stock opened at C$61.48 on Thursday. The stock has a market cap of C$9.57 billion, a P/E ratio of 22.12, a P/E/G ratio of 0.91 and a beta of 0.50. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The stock’s fifty day moving average is C$66.66 and its 200 day moving average is C$61.53. Capital Power has a one year low of C$41.87 and a one year high of C$73.80.

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