Capital Power (TSE:CPX) Stock Gets Price Target Cut from National Bank Financial

Capital Power (TSE:CPX) had its price objective cut by National Bank Financial from C$84.00 to C$83.00 in a research note issued to investors on Tuesday morning,BayStreet reports. They currently have an outperform rating on the stock.

Several other analysts have also recently issued reports on CPX. BMO Capital Markets lowered their target price on shares of Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Royal Bank Of Canada set a C$80.00 price objective on Capital Power and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Scotiabank lowered their price objective on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating on the stock in a research report on Thursday, July 30th. Finally, TD set a C$80.00 price objective on Capital Power and gave the company a “buy” rating in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$80.11.

Capital Power Price Performance

Capital Power stock opened at C$63.58 on Tuesday. The firm has a market capitalization of C$10.01 billion, a P/E ratio of -1,271.60, a PEG ratio of 0.91 and a beta of 0.50. Capital Power has a one year low of C$56.48 and a one year high of C$77.02. The company has a debt-to-equity ratio of 147.17, a current ratio of 0.81 and a quick ratio of 0.55. The business has a fifty day moving average price of C$62.60 and a 200-day moving average price of C$65.44.

Capital Power (TSE:CPX) last released its quarterly earnings data on Monday, November 2nd. The company reported C$0.37 earnings per share (EPS) for the quarter. The company had revenue of C$806.00 million for the quarter. Capital Power had a return on equity of 0.52% and a net margin of 0.66%. As a group, equities research analysts forecast that Capital Power will post 2.82 EPS for the current 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.