Capital Power (TSE:CPX) Price Target Raised to C$69.00 at Desjardins

Capital Power (TSE:CPX) had its price target upped by Desjardins from C$66.00 to C$69.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on CPX. National Bankshares increased their price target on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. BMO Capital Markets increased their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a report on Wednesday, December 18th. CIBC increased their price target on shares of Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a report on Monday, December 30th. Royal Bank of Canada cut their price target on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Finally, TD Securities increased their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Capital Power presently has a consensus rating of “Hold” and a consensus target price of C$63.33.

Capital Power Stock Up 3.0 %

CPX stock opened at C$54.13 on Thursday. Capital Power has a one year low of C$33.90 and a one year high of C$68.73. The stock has a market capitalization of C$7.03 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The company has a fifty day moving average of C$61.43 and a 200-day moving average of C$52.45.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, October 30th. The company reported C$1.32 EPS for the quarter, topping the consensus estimate of C$0.96 by C$0.36. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. During the same period in the previous year, the firm posted $2.26 earnings per share. As a group, analysts expect that Capital Power will post 2.8197088 EPS for the current 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.