Capital Power Co. (TSE:CPX) Receives C$61.89 Average PT from Analysts

Shares of Capital Power Co. (TSE:CPX) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$64.00.

A number of equities analysts recently issued reports on the company. CIBC upgraded Capital Power from a “neutral” rating to an “outperform” rating and cut their target price for the stock from C$68.00 to C$64.00 in a report on Tuesday, February 18th. TD Securities reduced their price objective on shares of Capital Power from C$70.00 to C$66.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Cibc World Mkts upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. BMO Capital Markets upgraded shares of Capital Power from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. Finally, ATB Capital reduced their price objective on shares of 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.

Capital Power Price Performance

Shares of CPX opened at C$50.61 on Thursday. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The business’s 50 day moving average price is C$48.19 and its two-hundred day moving average price is C$54.52. The firm has a market cap of C$7.15 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

About Capital Power

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.