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

Shares of Capital Power Co. (TSE:CPX) have been assigned a consensus recommendation of “Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$76.56.

Several analysts have recently commented on CPX shares. ATB Capital set a C$75.00 target price on shares of Capital Power and gave the company an “outperform” rating in a report on Tuesday, December 23rd. Desjardins upped their price objective on shares of Capital Power from C$80.00 to C$82.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. National Bankshares set a C$74.00 price objective on shares of Capital Power and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada boosted their target price on Capital Power from C$67.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Evercore ISI upgraded Capital Power to a “strong-buy” rating in a research note on Monday, October 6th.

Capital Power Trading Up 1.1%

CPX opened at C$58.80 on Friday. The company has a fifty day moving average price of C$60.25 and a two-hundred day moving average price of C$62.28. Capital Power has a 1-year low of C$41.87 and a 1-year high of C$73.80. The company has a market cap of C$9.15 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 0.91 and a beta of 0.53. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

Capital Power (TSE:CPX) last released its quarterly earnings data 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 firm had revenue of C$1.20 billion during the quarter. Analysts predict that Capital Power will post 2.8197088 EPS 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.