Capital Power (TSE:CPX) Stock Price Expected to Rise, Desjardins Analyst Says

Capital Power (TSE:CPX) had its target price boosted by analysts at Desjardins from C$66.00 to C$69.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 29.65% from the company’s previous close.

Several other research firms have also recently commented on CPX. TD Securities increased their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. BMO Capital Markets boosted their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 18th. Scotiabank raised their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Royal Bank of Canada lowered their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Finally, National Bankshares increased their price target on Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$63.33.

Capital Power Stock Down 1.7 %

TSE CPX opened at C$53.22 on Thursday. The stock’s 50 day simple moving average is C$61.28 and its 200 day simple moving average is C$52.54. Capital Power has a one year low of C$33.90 and a one year high of C$68.73. The firm has a market cap of C$6.92 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.36. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. During the same period in the previous year, the business earned $2.26 earnings per share. As a group, sell-side analysts forecast that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

About Capital Power

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.