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

Shares of Capital Power Co. (TSE:CPX) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$80.00.

A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their price target on Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Desjardins upped their price objective on Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research note on Friday, July 3rd. TD set a C$80.00 price objective on Capital Power and gave the company a “buy” rating in a report on Thursday, September 17th. BMO Capital Markets decreased their target price 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. Finally, Canadian Imperial Bank of Commerce lowered their target price on shares of Capital Power from C$83.00 to C$80.00 in a report on Tuesday, September 22nd.

Capital Power Stock Down 0.6%

TSE:CPX opened at C$63.04 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 150.64. The stock has a 50-day moving average price of C$62.75 and a two-hundred day moving average price of C$65.37. Capital Power has a 1 year low of C$56.48 and a 1 year high of C$77.02. The stock has a market cap of C$9.90 billion, a price-to-earnings ratio of 110.60, a PEG ratio of 0.91 and a beta of 0.60.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. The company had revenue of C$714.00 million for the quarter. As a group, equities analysts expect that Capital Power will post 2.82 earnings per share for the current year.

About Capital Power

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.