Capital Power Co. (TSE:CPX) Stock Now Rated “Buy” by Wall Street Analysts

Capital Power Co. (TSE:CPX) has been given an average rating of “Buy” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$80.00.

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Scotiabank dropped their target price on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. BMO Capital Markets reduced their price target on Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce decreased their price target on Capital Power from C$83.00 to C$80.00 in a research note on Tuesday, September 22nd. Finally, Royal Bank Of Canada set a C$80.00 price target on Capital Power and gave the stock an “outperform” rating in a research note on Thursday, September 17th.

Capital Power Stock Performance

Shares of CPX opened at C$63.04 on Monday. The firm has a market cap of C$9.90 billion, a price-to-earnings ratio of 110.60, a PEG ratio of 0.91 and a beta of 0.60. The company has a debt-to-equity ratio of 150.64, a quick ratio of 0.55 and a current ratio of 0.80. Capital Power has a fifty-two week low of C$56.48 and a fifty-two week high of C$77.02. The firm has a 50 day moving average price of C$62.75 and a 200-day moving average price of C$65.37.

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.