Capital Power (TSE:CPX) Raised to “Hold” at Wells Fargo & Company

Capital Power (TSE:CPX) was upgraded by Wells Fargo & Company to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

CPX has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce lifted their target price on shares of Capital Power from C$81.00 to C$82.00 in a report on Wednesday, January 21st. Desjardins raised shares of Capital Power from a “buy” rating to a “strong-buy” rating and set a C$82.00 price target on the stock in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.90.

Capital Power Price Performance

CPX opened at C$64.00 on Monday. The company has a fifty day moving average price of C$64.96 and a two-hundred day moving average price of C$63.08. The company has a debt-to-equity ratio of 146.00, a quick ratio of 0.55 and a current ratio of 0.69. Capital Power has a 52 week low of C$52.70 and a 52 week high of C$73.80. The firm has a market capitalization of C$10.01 billion, a PE ratio of -581.82, a P/E/G ratio of 0.91 and a beta of 0.54.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The firm had revenue of C$1.18 billion during the quarter. As a group, analysts anticipate that Capital Power will post 2.8197088 earnings per share for the current year.

About Capital Power

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.