Capital Power Co. (TSE:CPX) Given Average Rating of “Moderate Buy” by Analysts

Capital Power Co. (TSE:CPX) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$62.33.

A number of equities analysts recently weighed in on the company. BMO Capital Markets reduced their price target on Capital Power from C$68.00 to C$64.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. TD Securities upped their price target on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. ATB Capital reduced their price target on Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. National Bankshares upped their price target on Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, Cibc World Mkts raised Capital Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th.

Capital Power Stock Performance

Shares of CPX stock opened at C$46.65 on Wednesday. The stock has a market cap of C$6.59 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The business has a 50-day simple moving average of C$55.42 and a 200-day simple moving average of C$54.35. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73.

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.