Desjardins Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

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

CPX has been the topic of a number of other reports. ATB Capital lifted their price target on shares of Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 18th. Scotiabank lifted their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. National Bankshares lifted their price objective on shares of 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. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, TD Securities lifted their price objective on shares of 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. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$63.33.

Capital Power Price Performance

CPX opened at C$54.13 on Thursday. The company’s 50 day simple moving average is C$61.43 and its 200 day simple moving average is C$52.45. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The stock has a market capitalization of C$7.03 billion, a PE ratio of 10.72, 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 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 earned $2.26 EPS. As a group, sell-side analysts expect that Capital Power will post 2.8197088 EPS for the current year.

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.