Capital Power (TSE:CPX) Upgraded by Desjardins to Top Pick Rating

Desjardins upgraded shares of Capital Power (TSE:CPX) from a buy rating to a top pick rating in a research note released on Thursday,BayStreet.CA reports. Desjardins currently has C$82.00 price target on the stock.

Separately, Canadian Imperial Bank of Commerce raised their price target on Capital Power from C$81.00 to C$82.00 in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$76.56.

Capital Power Stock Performance

Capital Power stock opened at C$65.84 on Thursday. The company has a debt-to-equity ratio of 141.73, a quick ratio of 0.55 and a current ratio of 0.94. The stock has a fifty day moving average of C$64.34 and a two-hundred day moving average of C$63.63. The company has a market capitalization of C$10.30 billion, a price-to-earnings ratio of 74.82, a PEG ratio of 0.91 and a beta of 0.49. Capital Power has a fifty-two week low of C$48.84 and a fifty-two week high of C$73.80.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, March 4th. The company reported C($0.13) earnings per share for the quarter. The company had revenue of C$1.06 billion for the quarter. Capital Power had a return on equity of 3.30% and a net margin of 4.82%. On average, analysts anticipate that Capital Power will post 2.8197088 EPS for the current fiscal year.

Capital Power Company Profile

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.