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

Capital Power (TSE:CPX) had its price target raised by CIBC from C$81.00 to C$82.00 in a research note published on Wednesday,BayStreet.CA reports.

Several other brokerages have also recently weighed in on CPX. BMO Capital Markets lowered their target price on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. National Bankshares set a C$74.00 price objective on Capital Power and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Evercore ISI raised Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. Desjardins upped their target price on Capital Power from C$80.00 to C$82.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, TD Securities raised their target price on Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. 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 company’s stock. According to MarketBeat, Capital Power currently has a consensus rating of “Buy” and a consensus target price of C$76.56.

Capital Power Price Performance

Capital Power stock opened at C$58.80 on Wednesday. The company has a fifty day simple moving average of C$60.25 and a 200-day simple moving average of C$62.28. The firm has a market capitalization of C$9.15 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 0.91 and a beta of 0.53. 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 has a 52-week low of C$41.87 and a 52-week high of C$73.80.

Capital Power (TSE:CPX) last posted 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. On average, equities analysts anticipate 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.