Capital Power (TSE:CPX) Given a C$75.00 Price Target at ATB Capital

Capital Power (TSE:CPX) has been given a C$75.00 target price by equities research analysts at ATB Capital in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price target would indicate a potential upside of 26.77% from the company’s previous close.

Several other research analysts also recently commented on the stock. Royal Bank Of Canada lifted 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. Scotiabank lifted their price objective 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. BMO Capital Markets decreased their target price on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. TD Securities lifted their price target on Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Desjardins increased their price objective on Capital Power from C$80.00 to C$83.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Capital Power presently has a consensus rating of “Buy” and a consensus target price of C$76.78.

Capital Power Stock Up 0.3%

Shares of CPX traded up C$0.16 during trading hours on Tuesday, hitting C$59.16. 425,783 shares of the company were exchanged, compared to its average volume of 805,886. 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 company has a market cap of C$9.21 billion, a PE ratio of 21.28, a PEG ratio of 0.91 and a beta of 0.50. The firm’s 50 day moving average is C$65.32 and its 200-day moving average is C$61.81. Capital Power has a 52 week low of C$41.87 and a 52 week high of C$73.80.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, October 29th. The company reported C$0.94 earnings per share (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. On average, equities research analysts forecast that Capital Power will post 2.8197088 EPS 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. 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.