ATB Capital Has Lowered Expectations for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its target price decreased by analysts at ATB Capital from C$63.00 to C$62.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Capital’s target price indicates a potential upside of 22.19% from the company’s current price.

A number of other equities research analysts have also issued reports on CPX. TD Securities increased their target price on 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. CIBC upgraded Capital Power from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from C$68.00 to C$64.00 in a research note on Tuesday, February 18th. BMO Capital Markets lowered their price objective on Capital Power from C$68.00 to C$64.00 and set a “market perform” rating for the company in a research note on Thursday. Desjardins raised their price objective on Capital Power from C$66.00 to C$69.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$62.33.

Capital Power Price Performance

CPX stock opened at C$50.74 on Thursday. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The firm has a market cap of C$7.17 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The stock has a 50-day simple moving average of C$57.60 and a 200-day simple moving average of C$54.09.

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.