Capital Power (TSE:CPX) Given a C$70.00 Price Target at Wells Fargo & Company

Capital Power (TSE:CPX) has been assigned a C$70.00 price target by Wells Fargo & Company in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.89% from the stock’s previous close.

Several other analysts have also issued reports on the company. Canadian Imperial Bank of Commerce increased their price objective on Capital Power from C$81.00 to C$82.00 in a report on Wednesday, January 21st. Desjardins upgraded Capital Power from a “buy” rating to a “strong-buy” rating and set a C$82.00 price objective for the company in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Capital Power presently has a consensus rating of “Moderate Buy” and a consensus price target of C$75.90.

Capital Power Stock Down 4.5%

Shares of CPX traded down C$2.97 during mid-day trading on Tuesday, reaching C$63.70. The company’s stock had a trading volume of 379,973 shares, compared to its average volume of 714,425. The business has a fifty day moving average of C$64.96 and a 200 day moving average of C$63.12. The company has a market cap of C$9.97 billion, a price-to-earnings ratio of -579.09, a price-to-earnings-growth ratio of 0.91 and a beta of 0.54. Capital Power has a 1 year low of C$52.70 and a 1 year high of C$73.80. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The company had revenue of C$1.18 billion during the quarter. As a group, analysts forecast 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.