Capital Power (TSE:CPX) Sets New 52-Week High – Should You Buy?

Capital Power Co. (TSE:CPX) reached a new 52-week high on Thursday . The stock traded as high as C$72.94 and last traded at C$72.83, with a volume of 1199591 shares. The stock had previously closed at C$70.64.

Wall Street Analyst Weigh In

Several brokerages have commented on CPX. TD Securities lifted their price target on Capital Power from C$69.00 to C$72.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. ATB Capital boosted their target price on shares of Capital Power from C$60.00 to C$68.00 and gave the stock a “sector perform” rating in a research report on Friday, September 19th. Royal Bank Of Canada raised shares of Capital Power from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$65.00 to C$67.00 in a research report on Thursday, July 31st. National Bankshares boosted their price objective on shares of Capital Power from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Finally, Evercore ISI upgraded shares of Capital Power to a “strong-buy” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$68.78.

Capital Power Trading Down 1.6%

The business’s fifty day simple moving average is C$61.75 and its 200 day simple moving average is C$56.41. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. The stock has a market cap of C$11.05 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49.

Capital Power Company Profile

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.