Capital Power (TSE:CPX) Upgraded at ATB Capital

ATB Capital upgraded shares of Capital Power (TSE:CPX) from a sector perform rating to an outperform rating in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has C$75.00 price target on the stock.

A number of other brokerages also recently weighed in on CPX. Royal Bank Of Canada boosted their price objective on shares of Capital Power from C$67.00 to C$80.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. CIBC dropped their price objective on shares of Capital Power from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. TD Securities boosted their target price on shares of Capital Power from C$72.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Desjardins upped their target price on shares of Capital Power from C$80.00 to C$83.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Scotiabank lifted their price target on Capital Power from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capital Power currently has a consensus rating of “Buy” and an average target price of C$76.67.

Capital Power Trading Down 2.6%

TSE CPX opened at C$61.48 on Thursday. Capital Power has a 52 week low of C$41.87 and a 52 week high of C$73.80. The stock has a market cap of C$9.57 billion, a P/E ratio of 22.12, a PEG ratio of 0.91 and a beta of 0.50. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. The company’s fifty day simple moving average is C$66.66 and its 200-day simple moving average is C$61.57.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$0.94 EPS for the quarter. The business had revenue of C$1.20 billion for the quarter. Capital Power had a return on equity of 15.16% and a net margin of 15.53%. Equities research analysts predict that Capital Power will post 2.8197088 EPS for the current fiscal year.

About Capital Power

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.