BMO Capital Markets Has Lowered Expectations for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its price objective reduced by equities research analysts at BMO Capital Markets from C$79.00 to C$78.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 26.87% from the company’s current price.

CPX has been the subject of several other research reports. Royal Bank Of Canada raised 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. 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 report on Thursday, October 30th. CIBC reduced their price objective on Capital Power from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Desjardins upped their target price on Capital Power from C$80.00 to C$83.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, ATB Capital raised Capital Power from a “sector perform” rating to an “outperform” rating and set a C$75.00 target price on the stock in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$76.67.

Capital Power Price Performance

Shares of TSE CPX opened at C$61.48 on Thursday. The business’s 50 day moving average price is C$66.66 and its 200 day moving average price is C$61.53. The firm 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. Capital Power has a 52 week low of C$41.87 and a 52 week high of C$73.80. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.94 earnings per share (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. On average, sell-side analysts expect 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.