Capital Power Co. (TSE:CPX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Capital Power Co. (TSE:CPX) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$62.33.

A number of equities research analysts recently weighed in on CPX shares. CIBC raised shares of Capital Power from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from C$68.00 to C$64.00 in a research note on Tuesday, February 18th. Cibc World Mkts upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Desjardins raised their price target on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. National Bankshares lifted their price objective on Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets cut their target price on Capital Power from C$68.00 to C$64.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th.

Capital Power Stock Performance

Shares of TSE:CPX opened at C$46.89 on Friday. 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 1-year low of C$33.90 and a 1-year high of C$68.73. The stock has a market capitalization of C$6.62 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.91 and a beta of 0.64. The business has a 50-day moving average price of C$50.61 and a two-hundred day moving average price of C$54.83.

Capital Power Company Profile

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.