ATB Capital Reiterates C$75.00 Price Target for Capital Power (TSE:CPX)

ATB Capital set a C$75.00 price objective on Capital Power (TSE:CPX) in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets lowered their price objective on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. CIBC lowered their price target on Capital Power from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Royal Bank Of Canada increased their price objective on shares of Capital Power from C$67.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Evercore ISI upgraded shares of Capital Power to a “strong-buy” rating in a report on Monday, October 6th. Finally, TD Securities upped their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$76.78.

Capital Power Stock Performance

Shares of CPX opened at C$59.51 on Tuesday. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The company has a market capitalization of C$9.26 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 0.91 and a beta of 0.50. The company’s 50 day simple moving average is C$64.53 and its 200 day simple moving average is C$61.80. Capital Power has a 1 year low of C$41.87 and a 1 year high of C$73.80.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, October 29th. The company reported C$0.94 EPS for the quarter. The firm had revenue of C$1.20 billion during the quarter. Capital Power had a net margin of 15.53% and a return on equity of 15.16%. On average, sell-side 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.