National Bankshares Reiterates C$74.00 Price Target for Capital Power (TSE:CPX)

Capital Power (TSE:CPX) has been given a C$74.00 price objective by research analysts at National Bankshares in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 23.42% from the company’s current price.

Several other research analysts have also weighed in on the company. TD Securities lifted their target price on Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Royal Bank Of Canada lifted their price objective on shares of Capital Power from C$67.00 to C$80.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. ATB Capital upgraded Capital Power from a “sector perform” rating to an “outperform” rating and set a C$75.00 target price on the stock in a report on Thursday, December 11th. Evercore ISI upgraded shares of Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. Finally, BMO Capital Markets reduced their target price on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$76.78.

Capital Power Trading Down 2.1%

Shares of TSE:CPX traded down C$1.27 during midday trading on Wednesday, hitting C$59.96. The company had a trading volume of 617,548 shares, compared to its average volume of 800,900. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. Capital Power has a 12 month low of C$41.87 and a 12 month high of C$73.80. The firm has a fifty day simple moving average of C$66.31 and a 200 day simple moving average of C$61.71. The stock has a market cap of C$9.33 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 0.91 and a beta of 0.50.

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