Capital Power (TSE:CPX) Issues Earnings Results

Capital Power (TSE:CPX) announced its quarterly earnings data on Wednesday. The company reported C($0.13) earnings per share (EPS) for the quarter, reports. The business had revenue of C$1.06 billion during the quarter. Capital Power had a net margin of 13.71% and a return on equity of 8.64%.

Capital Power Stock Performance

TSE:CPX opened at C$62.66 on Wednesday. The company has a debt-to-equity ratio of 136.06, a quick ratio of 0.55 and a current ratio of 0.74. The firm has a market cap of C$9.75 billion, a P/E ratio of 22.54, a P/E/G ratio of 0.91 and a beta of 0.66. The firm’s fifty day moving average is C$60.23 and its 200-day moving average is C$62.68. Capital Power has a 52 week low of C$41.87 and a 52 week high of C$73.80.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BMO Capital Markets cut their price target on shares of Capital Power from C$79.00 to C$78.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. National Bank Financial set a C$74.00 target price on shares of Capital Power and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Desjardins upped their price objective on Capital Power from C$80.00 to C$82.00 and gave the company a “buy” rating in a report on Thursday, January 8th. ATB Cormark Capital Markets set a C$75.00 target price on shares of Capital Power and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Finally, Canadian Imperial Bank of Commerce raised their price target on Capital Power from C$81.00 to C$82.00 in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$76.56.

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.