Capital Power Co. (TSE:CPX) Stock Has Average Price Target of C$79.80

Shares of Capital Power Co. (TSE:CPX) have been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$79.80.

A number of research firms recently weighed in on CPX. Canadian Imperial Bank of Commerce lowered their price objective on shares of Capital Power from C$83.00 to C$80.00 in a research note on Tuesday, September 22nd. BMO Capital Markets lowered their price target on shares of Capital Power from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Desjardins boosted their price objective on shares of 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. Scotiabank cut their price target on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company raised their price objective on Capital Power from C$72.00 to C$75.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th.

Capital Power Stock Up 0.0%

Shares of CPX opened at C$61.46 on Thursday. The firm has a fifty day moving average price of C$64.03 and a 200-day moving average price of C$67.15. 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 firm has a market capitalization of C$9.65 billion, a P/E ratio of 107.82, a P/E/G ratio of 0.91 and a beta of 0.61. Capital Power has a 12-month low of C$56.48 and a 12-month high of C$77.02.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$714.00 million for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. Equities research analysts expect that Capital Power will post 2.8197088 earnings per share for the current 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.