Capital Power (TSE:CPX) Given New C$69.00 Price Target at Desjardins

Capital Power (TSE:CPX) had its price objective upped by stock analysts at Desjardins from C$66.00 to C$69.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 26.72% from the company’s current price.

Several other equities research analysts have also weighed in on the company. TD Securities lifted their price objective on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Scotiabank lifted their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Atb Cap Markets cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price objective on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a report on Wednesday, December 18th. Finally, 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 on the stock in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$63.33.

Capital Power Stock Performance

Shares of CPX stock traded up C$1.90 during trading hours on Thursday, hitting C$54.45. 316,228 shares of the company were exchanged, compared to its average volume of 926,679. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The firm has a fifty day simple moving average of C$61.53 and a 200 day simple moving average of C$52.34. The stock has a market capitalization of C$7.08 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, October 30th. The company reported C$1.32 earnings per share (EPS) for the quarter, topping 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 prior year, the company earned $2.26 earnings per share. Research analysts predict 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.