Capital Power Co. (TSE:CPX) Stock Has Average Price Target of C$79.80

Shares of Capital Power Co. (TSE:CPX) have received a consensus rating of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$79.80.

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

Capital Power Stock Performance

TSE:CPX opened at C$62.25 on Thursday. The stock has a fifty day moving average price of C$63.87 and a 200-day moving average price of C$67.17. The company has a market cap of C$9.78 billion, a price-to-earnings ratio of 109.21, 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.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%.The company had revenue of C$714.00 million during the quarter. As a group, equities 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.