ATB Capital Upgrades Capital Power (TSE:CPX) to “Outperform”

Capital Power (TSE:CPX) was upgraded by stock analysts at ATB Capital from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a C$75.00 price target on the stock. ATB Capital’s target price would indicate a potential upside of 19.01% from the stock’s current price.

Several other equities research analysts have also commented on the stock. CIBC reduced their price target on shares of Capital Power from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. TD Securities upped their price target on shares of Capital Power from C$72.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Evercore ISI raised Capital Power to a “strong-buy” rating in a report on Monday, October 6th. National Bankshares increased their price target on Capital Power from C$66.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada lifted their target price on shares of Capital Power from C$67.00 to C$80.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Capital Power presently has an average rating of “Buy” and an average price target of C$76.67.

Capital Power Trading Up 0.9%

CPX stock traded up C$0.57 during midday trading on Thursday, reaching C$63.02. The company’s stock had a trading volume of 476,857 shares, compared to its average volume of 798,781. Capital Power has a 1 year low of C$41.87 and a 1 year high of C$73.80. The firm has a market capitalization of C$9.81 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 0.91 and a beta of 0.50. The stock has a fifty day simple moving average of C$66.88 and a two-hundred day simple moving average of C$61.48. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.94 EPS 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 research 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.