Capital Power Co. (TSE:CPX) Stock Has Consensus Price Target of C$79.80 According to Brokerages

Capital Power Co. (TSE:CPX) has been assigned an average recommendation of “Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$79.80.

CPX has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Royal Bank Of Canada set a C$80.00 price target on Capital Power and gave the company an “outperform” rating in a report on Thursday, September 17th. TD set a C$80.00 price objective on Capital Power and gave the company a “buy” rating in a research report on Thursday, September 17th. Scotiabank dropped 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 note on Thursday, July 30th. Finally, Desjardins increased their target price on Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research report on Friday, July 3rd.

Capital Power Price Performance

Shares of TSE:CPX opened at C$64.29 on Thursday. The company has a market capitalization of C$10.10 billion, a P/E ratio of 112.79, a P/E/G ratio of 0.91 and a beta of 0.60. Capital Power has a 1-year low of C$56.48 and a 1-year high of C$77.02. The firm’s 50 day simple moving average is C$63.76 and its two-hundred day simple moving average is C$67.17. The company has a debt-to-equity ratio of 150.64, a current ratio of 0.80 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C($0.33) earnings per share (EPS) for the quarter. The firm had revenue of C$714.00 million during the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. Research analysts expect 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.