Capital Power Corp (TSE:CPX) Receives Consensus Rating of “Hold” from Analysts

Shares of Capital Power Corp (TSE:CPX) have been assigned an average rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$32.81.

CPX has been the topic of a number of recent analyst reports. CIBC upgraded shares of Crescent Point Energy from a “neutral” rating to a “sector outperform” rating in a report on Thursday, May 9th. BMO Capital Markets upped their price objective on shares of goeasy from C$55.00 to C$60.00 in a research note on Thursday, May 9th. Raymond James reiterated a “sell” rating on shares of Inter Pipeline in a research note on Tuesday, May 14th. CSFB upped their price objective on shares of Pembina Pipeline from C$54.00 to C$58.00 in a research note on Thursday, April 25th. Finally, National Bank Financial upped their price objective on shares of Capital Power from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Wednesday, June 19th.

Shares of CPX stock traded up C$0.13 during trading hours on Tuesday, reaching C$30.66. 183,500 shares of the stock traded hands, compared to its average volume of 294,308. Capital Power has a 1-year low of C$25.32 and a 1-year high of C$32.44. The firm has a fifty day moving average of C$30.51. The company has a debt-to-equity ratio of 81.76, a current ratio of 0.95 and a quick ratio of 0.57. The firm has a market capitalization of $3.28 billion and a price-to-earnings ratio of 12.55.

Capital Power (TSE:CPX) last released its quarterly earnings results on Monday, April 29th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.58 by C($0.29). The firm had revenue of C$365.00 million for the quarter. As a group, analysts forecast that Capital Power will post 1.8 earnings per share for the current year.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.

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Analyst Recommendations for Capital Power (TSE:CPX)

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