Capital Power (TSE:CPX) Upgraded at Desjardins

Capital Power (TSE:CPX) was upgraded by equities research analysts at Desjardins from a “buy” rating to a “top pick” rating in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a C$82.00 target price on the stock. Desjardins’ target price would indicate a potential upside of 24.28% from the company’s current price.

Separately, Canadian Imperial Bank of Commerce boosted their target price on shares of Capital Power from C$81.00 to C$82.00 in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Capital Power presently has a consensus rating of “Buy” and a consensus price target of C$76.56.

Capital Power Stock Performance

CPX traded up C$0.85 on Thursday, reaching C$65.98. The stock had a trading volume of 257,052 shares, compared to its average volume of 726,280. The business’s 50-day moving average price is C$64.22 and its two-hundred day moving average price is C$63.61. Capital Power has a 12-month low of C$48.84 and a 12-month high of C$73.80. The company has a market cap of C$10.32 billion, a P/E ratio of 74.98, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 141.73.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, March 4th. The company reported C($0.13) EPS for the quarter. The company had revenue of C$1.06 billion for the quarter. Capital Power had a return on equity of 3.30% and a net margin of 4.82%. Sell-side analysts forecast that Capital Power will post 2.8197088 earnings per share for the current year.

About Capital Power

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.