Capital Power (TSE:CPX) Announces Earnings Results

Capital Power (TSE:CPX) issued its earnings results on Monday. The company reported C$0.37 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$806.00 million during the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%.

Capital Power Price Performance

CPX opened at C$63.04 on Monday. 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 market capitalization of C$9.90 billion, a P/E ratio of 110.60, a PEG ratio of 0.91 and a beta of 0.60. The company’s 50-day moving average is C$62.75 and its 200 day moving average is C$65.37. The company has a debt-to-equity ratio of 150.64, a current ratio of 0.80 and a quick ratio of 0.55.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CPX shares. Royal Bank Of Canada set a C$80.00 price objective on Capital Power and gave the company an “outperform” rating in a research note on Thursday, September 17th. Canadian Imperial Bank of Commerce dropped their price target on Capital Power from C$83.00 to C$80.00 in a research note on Tuesday, September 22nd. Scotiabank reduced their price objective on shares of Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company boosted their target price on shares of Capital Power from C$72.00 to C$75.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Finally, BMO Capital Markets cut their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$80.00.

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.