Analysts Set Capital Power Co. (TSE:CPX) Target Price at C$76.78

Shares of Capital Power Co. (TSE:CPX) have received a consensus rating of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$76.78.

CPX has been the topic of several recent analyst reports. Desjardins increased their target price on Capital Power from C$80.00 to C$83.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. CIBC dropped their price objective on shares of Capital Power from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Royal Bank Of Canada increased their price objective on shares of Capital Power from C$67.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. National Bankshares set a C$74.00 target price on shares of Capital Power and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, BMO Capital Markets dropped their price target on shares of Capital Power from C$79.00 to C$78.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th.

Capital Power Stock Down 0.7%

Shares of TSE CPX opened at C$58.55 on Tuesday. The firm has a market cap of C$9.11 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 0.91 and a beta of 0.50. 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 has a 1 year low of C$41.87 and a 1 year high of C$73.80. The firm’s 50 day moving average price is C$63.33 and its 200 day moving average price is C$61.90.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$0.94 earnings per share for the quarter. Capital Power had a return on equity of 15.16% and a net margin of 15.53%.The company had revenue of C$1.20 billion during the quarter. As a group, sell-side analysts anticipate that Capital Power will post 2.8197088 earnings per share 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. 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.