Capital Power (TSE:CPX) Stock Price Target Lowered at National Bank Financial

Capital Power (TSE:CPX) had its price target decreased by equities research analysts at National Bank Financial from C$84.00 to C$83.00 in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price objective indicates a potential upside of 29.61% from the stock’s previous close.

CPX has been the topic of a number of other reports. Royal Bank Of Canada set a C$80.00 price target on Capital Power and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Canadian Imperial Bank of Commerce decreased their price target on shares of Capital Power from C$83.00 to C$80.00 in a report on Tuesday, September 22nd. BMO Capital Markets lowered their price objective on shares of Capital Power from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Scotiabank dropped their price objective on shares of Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Capital Power from C$72.00 to C$75.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$80.11.

Capital Power Trading Up 1.0%

CPX traded up C$0.63 on Tuesday, reaching C$64.04. 358,707 shares of the company traded hands, compared to its average volume of 639,585. The company has a market cap of C$10.06 billion, a P/E ratio of 112.35, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 150.64. Capital Power has a one year low of C$56.48 and a one year high of C$77.02. The firm has a fifty day simple moving average of C$62.70 and a two-hundred day simple moving average of C$65.38.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Monday, November 2nd. The company reported C$0.37 earnings per share for the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. The firm had revenue of C$806.00 million during the quarter. As a group, equities research analysts expect that Capital Power will post 2.82 earnings per share 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.