Capital Power (TSE:CPX) Upgraded to Outperform at CIBC

CIBC upgraded shares of Capital Power (TSE:CPX) from a neutral rating to an outperform rating in a report released on Tuesday morning,BayStreet.CA reports. CIBC currently has C$64.00 price objective on the stock, down from their previous price objective of C$68.00.

CPX has been the topic of a number of other research reports. National Bankshares increased their price objective 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. Royal Bank of Canada decreased their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. Desjardins raised their price target on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Scotiabank raised their price target on 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. Finally, BMO Capital Markets raised their price target on 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. Five equities research 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. According to MarketBeat, Capital Power presently has an average rating of “Moderate Buy” and an average target price of C$62.89.

Capital Power Stock Up 1.8 %

CPX opened at C$54.48 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. The firm has a market cap of C$7.69 billion, a P/E ratio of 12.94, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$68.73. The business’s fifty day simple moving average is C$58.66 and its 200 day simple moving average is C$53.74.

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.