Capital Power Co. (TSE:CPX) Given Average Rating of “Moderate Buy” by Analysts

Capital Power Co. (TSE:CPX) has earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$76.56.

Several brokerages have recently issued reports on CPX. Desjardins lifted their price target on Capital Power from C$80.00 to C$82.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. National Bank Financial set a C$74.00 price target on Capital Power and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Canadian Imperial Bank of Commerce lifted their price target on Capital Power from C$81.00 to C$82.00 in a research note on Wednesday, January 21st. Finally, ATB Cormark Capital Markets set a C$75.00 price target on Capital Power and gave the company an “outperform” rating in a research note on Tuesday, December 23rd.

Capital Power Price Performance

CPX stock opened at C$67.93 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 141.73. Capital Power has a 12 month low of C$45.91 and a 12 month high of C$73.80. The firm has a market cap of C$10.63 billion, a P/E ratio of 77.19, a P/E/G ratio of 0.91 and a beta of 0.49. The company’s 50-day moving average price is C$63.48 and its two-hundred day moving average price is C$63.65.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, March 4th. The company reported C($0.13) EPS for the quarter. Capital Power had a net margin of 4.82% and a return on equity of 3.30%. The firm had revenue of C$1.06 billion during the quarter. On average, analysts anticipate that Capital Power will post 2.8197088 earnings per share 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.