Capital Power (TSE:CPX) Price Target Raised to C$82.00

Capital Power (TSE:CPX) had its target price hoisted by Desjardins from C$80.00 to C$82.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reduced their target price on shares of 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. 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 report on Thursday, October 30th. Scotiabank boosted their price objective on Capital Power from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. Royal Bank Of Canada upped their target price 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. Finally, Evercore ISI upgraded shares of Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$76.67.

Capital Power Stock Up 0.9%

Shares of CPX stock opened at C$59.35 on Thursday. Capital Power has a 12 month low of C$41.87 and a 12 month 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 market cap of C$9.24 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 0.91 and a beta of 0.53. The stock has a 50 day moving average of C$61.95 and a 200-day moving average of C$62.06.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, October 29th. The company reported C$0.94 EPS for the quarter. The firm had revenue of C$1.20 billion during the quarter. Capital Power had a net margin of 15.53% and a return on equity of 15.16%. On average, equities analysts predict that Capital Power will post 2.8197088 EPS for the current 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.