Capital Power (TSE:CPX) Upgraded to Hold at Wells Fargo & Company

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

Several other brokerages have also commented on CPX. Desjardins upgraded 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 note on Thursday, April 23rd. Canadian Imperial Bank of Commerce raised their price target on shares of Capital Power from C$81.00 to C$82.00 in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Capital Power has a consensus rating of “Moderate Buy” and a consensus price target of C$75.90.

Capital Power Price Performance

Shares of TSE:CPX opened at C$64.00 on Monday. The firm’s 50 day moving average is C$64.96 and its two-hundred day moving average is C$63.08. 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 P/E ratio of -581.82, a PEG ratio of 0.91 and a beta of 0.54. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00.

Capital Power (TSE:CPX) last announced its quarterly 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 company had revenue of C$1.18 billion for the quarter. Analysts anticipate that Capital Power will post 2.8197088 earnings per share for the current 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.