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

Capital Power (TSE:CPX) received a C$70.00 price objective from analysts at Wells Fargo & Company in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 9.89% from the stock’s current price.

A number of other research analysts have also recently commented on CPX. Desjardins upgraded shares of Capital Power from a “buy” rating to a “strong-buy” rating and set a C$82.00 price target for the company in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce raised their price target on shares of Capital Power from C$81.00 to C$82.00 in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$75.90.

Capital Power Stock Performance

CPX stock traded down C$2.97 during trading on Tuesday, reaching C$63.70. 379,973 shares of the stock were exchanged, compared to its average volume of 714,425. Capital Power has a twelve month low of C$52.70 and a twelve month high of C$73.80. The company has a market capitalization of C$9.97 billion, a P/E ratio of -579.09, a price-to-earnings-growth ratio of 0.91 and a beta of 0.54. The stock has a 50 day simple moving average of C$64.96 and a 200-day simple moving average of C$63.12. 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 released its earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The business had revenue of C$1.18 billion for the quarter. As a group, sell-side analysts anticipate 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.