Desjardins Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX) had its target price lifted by research analysts at Desjardins from C$80.00 to C$82.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 38.30% from the company’s current price.

A number of other brokerages also recently issued reports on CPX. Royal Bank Of Canada lifted their price objective on shares of Capital Power from C$67.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Evercore ISI upgraded shares of Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. TD Securities upped their price target on Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. National Bankshares set a C$74.00 price objective on Capital Power and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, BMO Capital Markets dropped their target price on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$76.67.

Capital Power Stock Up 0.1%

Shares of CPX traded up C$0.03 during trading hours on Thursday, hitting C$59.29. The company had a trading volume of 388,739 shares, compared to its average volume of 733,768. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. The company has a market capitalization of C$9.23 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 0.91 and a beta of 0.53. Capital Power has a one year low of C$41.87 and a one year high of C$73.80. The company’s fifty day moving average price is C$62.42 and its two-hundred day moving average price is C$62.03.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.94 earnings per share for the quarter. The company 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%. As a group, equities analysts forecast that Capital Power will post 2.8197088 earnings per share for the current fiscal 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. Capital Power’s natural gas and coal facilities, specifically its Genesee and Shepard sites, account for most of its electric capacity and cash flow production.