BMO Capital Markets Cuts Capital Power (TSE:CPX) Price Target to C$78.00

Capital Power (TSE:CPX) had its price target cut by BMO Capital Markets from C$79.00 to C$78.00 in a research report released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. Scotiabank increased their target price on shares of Capital Power from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. Royal Bank Of Canada upped 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 research note on Thursday, October 30th. ATB Capital raised shares of Capital Power from a “sector perform” rating to an “outperform” rating and set a C$75.00 target price for the company in a research note on Thursday. Desjardins boosted their target price on shares of Capital Power from C$80.00 to C$83.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, National Bankshares increased their price target on Capital Power from C$66.00 to C$73.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$76.67.

Capital Power Stock Down 2.6%

Shares of TSE:CPX opened at C$61.48 on Thursday. The firm has a market cap of C$9.57 billion, a P/E ratio of 22.12, a P/E/G ratio of 0.91 and a beta of 0.50. Capital Power has a 12-month low of C$41.87 and a 12-month high of C$73.80. The business has a fifty day simple moving average of C$66.66 and a 200 day simple moving average of C$61.57. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03.

Capital Power (TSE:CPX) last released its quarterly 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 for the quarter. Capital Power had a return on equity of 15.16% and a net margin of 15.53%. Analysts predict that Capital Power will post 2.8197088 earnings per share for the current year.

About Capital Power

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.