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

Capital Power Co. (TSE:CPX) has received an average recommendation of “Buy” from the nine ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$80.00.

Several research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce lowered their price target on shares of Capital Power from C$83.00 to C$80.00 in a report on Tuesday, September 22nd. Scotiabank reduced their target price on shares of 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. Royal Bank Of Canada set a C$80.00 price objective on shares of Capital Power and gave the stock an “outperform” rating in a research note on Thursday, September 17th. TD set a C$80.00 price objective on Capital Power and gave the company a “buy” rating in a report on Thursday, September 17th. Finally, Wells Fargo & Company increased their price objective on Capital Power from C$72.00 to C$75.00 and gave the company an “equal weight” rating in a report on Monday, July 27th.

Capital Power Trading Up 0.5%

TSE:CPX opened at C$62.64 on Monday. Capital Power has a fifty-two week low of C$56.48 and a fifty-two week high of C$77.02. The company has a debt-to-equity ratio of 150.64, a current ratio of 0.80 and a quick ratio of 0.55. The stock has a market capitalization of C$9.84 billion, a PE ratio of 109.89, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. The business’s 50-day simple moving average is C$62.88 and its 200-day simple moving average is C$65.33.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. The firm had revenue of C$714.00 million during the quarter. Sell-side analysts expect that Capital Power will post 2.82 earnings per share for the current fiscal 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.