Capital Power (TSE:CPX) PT Set at C$74.00 by National Bankshares

Capital Power (TSE:CPX) received a C$74.00 price target from National Bankshares in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 23.42% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Evercore ISI upgraded shares of Capital Power to a “strong-buy” rating in a report on Monday, October 6th. BMO Capital Markets dropped 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 report on Thursday, December 11th. Royal Bank Of Canada lifted their price target on Capital Power from C$67.00 to C$80.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. ATB Capital raised Capital Power from a “sector perform” rating to an “outperform” rating and set a C$75.00 price objective for the company in a research note on Thursday, December 11th. Finally, TD Securities raised their target price on Capital Power from C$72.00 to C$78.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$76.78.

Capital Power Stock Down 2.1%

CPX traded down C$1.27 during midday trading on Wednesday, hitting C$59.96. The company had a trading volume of 617,548 shares, compared to its average volume of 800,900. The stock’s 50 day moving average price is C$66.31 and its 200 day moving average price is C$61.71. Capital Power has a 52 week low of C$41.87 and a 52 week high of C$73.80. The company has a market capitalization of C$9.33 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 0.91 and a beta of 0.50. 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 released its quarterly earnings data 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 for the quarter. On average, research analysts anticipate 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.