National Bank Financial Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX) had its price objective increased by analysts at National Bank Financial from C$75.00 to C$82.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 14.73% from the stock’s current price.

Several other equities analysts have also commented on the stock. Desjardins set a C$82.00 price target on shares of Capital Power and gave the stock a “top pick” rating in a research report on Tuesday, May 26th. Wells Fargo & Company set a C$70.00 price target on Capital Power and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$76.70.

Capital Power Price Performance

CPX traded up C$0.83 during midday trading on Monday, reaching C$71.47. 339,322 shares of the company’s stock were exchanged, compared to its average volume of 698,449. The stock has a market capitalization of C$11.18 billion, a PE ratio of -649.73, a P/E/G ratio of 0.91 and a beta of 0.54. Capital Power has a 1-year low of C$54.03 and a 1-year high of C$73.80. The company has a debt-to-equity ratio of 146.00, a current ratio of 0.69 and a quick ratio of 0.55. The business’s 50-day moving average price is C$65.96 and its 200 day moving average price is C$62.70.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The firm had revenue of C$1.18 billion for the quarter. As a group, equities 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.