Capital Power (TSE:CPX) Price Target Raised to C$69.00 at Desjardins

Capital Power (TSE:CPX) had its target price upped by stock analysts at Desjardins from C$66.00 to C$69.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 26.72% from the company’s current price.

A number of other equities analysts have also weighed in on CPX. Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lowered their price objective on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. National Bankshares raised their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. TD Securities boosted their target price on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets raised their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a research report on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$63.33.

Capital Power Stock Up 3.6 %

CPX traded up C$1.90 during midday trading on Thursday, hitting C$54.45. The company had a trading volume of 316,228 shares, compared to its average volume of 926,679. The stock’s 50 day moving average price is C$61.53 and its 200 day moving average price is C$52.34. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$68.73. The company has a market capitalization of C$7.08 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, October 30th. The company reported C$1.32 EPS for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.36. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. During the same period last year, the business posted $2.26 earnings per share. On average, research analysts anticipate that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.