Capital Power (TSE:CPX) Stock Rating Upgraded by CIBC

Capital Power (TSE:CPX) was upgraded by CIBC from a “neutral” rating to an “outperform” rating in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a C$64.00 target price on the stock, down from their previous target price of C$68.00. CIBC’s target price would suggest a potential upside of 20.30% from the company’s current price.

Several other equities research analysts have also weighed in on the company. ATB Capital upped their price objective on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 18th. TD Securities upped their price objective on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lowered their price objective on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. Finally, Desjardins increased their price target on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$62.89.

Capital Power Stock Performance

CPX traded up C$1.13 on Tuesday, hitting C$53.20. 449,681 shares of the stock traded hands, compared to its average volume of 905,818. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$68.73. The firm has a market capitalization of C$7.51 billion, a PE ratio of 12.64, a P/E/G ratio of 0.91 and a beta of 0.64. The business has a fifty day moving average price of C$59.10 and a two-hundred day moving average price of C$53.47. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.