CIBC Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX) had its price objective increased by stock analysts at CIBC from C$81.00 to C$82.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 41.04% from the stock’s previous close.

CPX has been the topic of a number of other reports. Scotiabank lifted 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 note on Monday, October 20th. Evercore ISI upgraded Capital Power to a “strong-buy” rating in a report on Monday, October 6th. ATB Capital set a C$75.00 target price on shares of Capital Power and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. National Bankshares set a C$74.00 target price on shares of Capital Power and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, BMO Capital Markets decreased their price target on shares of Capital Power from C$79.00 to C$78.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$76.56.

Capital Power Stock Down 0.1%

CPX stock opened at C$58.14 on Wednesday. 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. The firm has a 50-day simple moving average of C$60.34 and a 200-day simple moving average of C$62.25. The stock has a market capitalization of C$9.05 billion, a P/E ratio of 20.91, a P/E/G ratio of 0.91 and a beta of 0.53.

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

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.