Capital Power Co. (TSE:CPX) Receives Consensus Rating of “Buy” from Brokerages

Capital Power Co. (TSE:CPX) has received a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$76.56.

A number of analysts recently commented 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 research note on Wednesday, January 21st. Desjardins raised Capital Power from a “buy” rating to a “strong-buy” rating and set a C$82.00 price objective on the stock in a research note on Thursday, April 23rd.

Capital Power Stock Performance

TSE CPX opened at C$66.15 on Monday. The business’s 50 day moving average is C$64.82 and its two-hundred day moving average is C$63.19. Capital Power has a 12-month low of C$51.98 and a 12-month high of C$73.80. The stock has a market capitalization of C$10.35 billion, a price-to-earnings ratio of -601.36, a PEG ratio of 0.91 and a beta of 0.54. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. The firm had revenue of C$1.18 billion for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%. Research analysts expect that Capital Power will post 2.8197088 EPS 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.