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

Capital Power Co. (TSE:CPX) has been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$76.56.

CPX has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce lifted their target price on Capital Power from C$81.00 to C$82.00 in a research note on Wednesday, January 21st. Desjardins increased their price target on shares of Capital Power from C$80.00 to C$82.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. National Bank Financial set a C$74.00 price target on shares of Capital Power and gave the stock an “outperform” rating in a report on Wednesday, December 17th. ATB Cormark Capital Markets set a C$75.00 price objective on shares of Capital Power and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Finally, BMO Capital Markets dropped their price objective on shares of Capital Power from C$79.00 to C$78.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th.

Capital Power Stock Performance

Shares of Capital Power stock opened at C$63.38 on Friday. Capital Power has a 12 month low of C$41.87 and a 12 month high of C$73.80. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 141.73. The stock has a market cap of C$9.86 billion, a PE ratio of 72.02, a price-to-earnings-growth ratio of 0.91 and a beta of 0.65. The business has a fifty day simple moving average of C$60.96 and a 200-day simple moving average of C$62.91.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C($0.13) earnings per share for the quarter. The business had revenue of C$1.06 billion for the quarter. Capital Power had a net margin of 4.82% and a return on equity of 3.30%. On average, sell-side 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.