Capital Power Co. (TSE:CPX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Capital Power Co. (TSE:CPX) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$62.33.

A number of equities research analysts have recently issued reports on the stock. Cibc World Mkts upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. CIBC upgraded Capital Power from a “neutral” rating to an “outperform” rating and reduced their target price for the company from C$68.00 to C$64.00 in a report on Tuesday, February 18th. ATB Capital lowered their price target on Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. TD Securities upped their price target on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Desjardins raised their price objective on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Capital Power Price Performance

TSE CPX opened at C$48.79 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The company has a market cap of C$6.89 billion, a PE ratio of 11.59, a PEG ratio of 0.91 and a beta of 0.64. The stock’s 50-day moving average price is C$57.09 and its two-hundred day moving average price is C$54.20.

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.