Canadian Imperial Bank of Commerce Cuts Capital Power (TSE:CPX) Price Target to C$80.00

Capital Power (TSE:CPX) had its price objective cut by Canadian Imperial Bank of Commerce from C$83.00 to C$80.00 in a research note issued to investors on Tuesday,BayStreet reports.

A number of other equities analysts have also recently commented on the company. National Bank Financial lifted their price target on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Desjardins upped their price objective on Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a research note on Friday, July 3rd. BMO Capital Markets cut their price objective on Capital Power from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Scotiabank cut their price objective on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating for the company in a research report on Thursday, July 30th. Finally, TD set a C$80.00 target price on Capital Power and gave the stock a “buy” rating in a research note on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital Power currently has an average rating of “Buy” and an average price target of C$79.80.

Capital Power Stock Performance

Shares of CPX stock opened at C$61.98 on Tuesday. The stock has a market cap of C$9.74 billion, a P/E ratio of 108.74, a P/E/G ratio of 0.91 and a beta of 0.61. The company has a debt-to-equity ratio of 150.64, a current ratio of 0.80 and a quick ratio of 0.55. The company has a fifty day moving average price of C$65.33 and a two-hundred day moving average price of C$67.18. Capital Power has a one year low of C$56.48 and a one year high of C$77.02.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. The firm had revenue of C$714.00 million during the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. As a group, equities analysts predict that Capital Power will post 2.8197088 EPS for the current 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.