Analysts Set Capital Power Co. (TSE:CPX) Target Price at C$76.56

Capital Power Co. (TSE:CPX) has been assigned a consensus rating of “Buy” from the eleven analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$76.56.

Several research analysts have commented on the stock. TD Securities upped their target price on shares of Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. BMO Capital Markets cut their target price on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. National Bankshares set a C$74.00 price target on Capital Power and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Desjardins raised their price target on Capital Power from C$80.00 to C$82.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Evercore ISI raised shares of Capital Power to a “strong-buy” rating in a report on Monday, October 6th.

Capital Power Trading Down 2.9%

TSE:CPX opened at C$59.75 on Friday. The firm has a market capitalization of C$9.30 billion, a P/E ratio of 21.49, a P/E/G ratio of 0.91 and a beta of 0.53. The business has a 50 day simple moving average of C$60.23 and a 200 day simple moving average of C$62.44. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. Capital Power has a 12-month low of C$41.87 and a 12-month high of C$73.80.

Capital Power (TSE:CPX) last posted its earnings results on Wednesday, October 29th. The company reported C$0.94 earnings per share (EPS) for the quarter. The company had revenue of C$1.20 billion for the quarter. Capital Power had a return on equity of 15.16% and a net margin of 15.53%. Equities research analysts predict that Capital Power will post 2.8197088 EPS for the current year.

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. Capital Power’s natural gas and coal facilities, specifically its Genesee and Shepard sites, account for most of its electric capacity and cash flow production.