Capital Power (TSE:CPX) Upgraded at Cibc World Mkts

Cibc World Mkts upgraded shares of Capital Power (TSE:CPX) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

CPX has been the subject of several other reports. Desjardins lifted their target price on Capital Power from C$66.00 to C$69.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. TD Securities boosted their target price on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Scotiabank boosted their price objective on 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 dropped their target price on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. Finally, ATB Capital boosted their target price on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$62.89.

Capital Power Stock Up 1.8 %

Shares of CPX opened at C$54.48 on Tuesday. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. The company has a market capitalization of C$7.69 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The stock has a fifty day simple moving average of C$58.66 and a two-hundred day simple moving average of C$53.74. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03.

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.