Desjardins Boosts Capital Power (TSE:CPX) Price Target to C$82.00

Capital Power (TSE:CPX) had its price objective increased by equities researchers at Desjardins from C$80.00 to C$82.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 38.30% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on CPX. TD Securities boosted their price target on shares of Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. National Bankshares set a C$74.00 price target on Capital Power and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada increased their target price on shares of Capital Power from C$67.00 to C$80.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. CIBC decreased their price objective on shares of Capital Power from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Finally, Evercore ISI raised Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$76.67.

Capital Power Price Performance

CPX traded up C$0.03 on Thursday, hitting C$59.29. 388,739 shares of the company’s stock traded hands, compared to its average volume of 733,768. The firm has a market cap of C$9.23 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 0.91 and a beta of 0.53. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. Capital Power has a one year low of C$41.87 and a one year high of C$73.80. The company’s 50 day simple moving average is C$62.42 and its 200-day simple moving average is C$62.03.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, October 29th. The company reported C$0.94 earnings per share for the quarter. Capital Power had a net margin of 15.53% and a return on equity of 15.16%. The firm had revenue of C$1.20 billion during the quarter. As a group, research analysts anticipate that Capital Power will post 2.8197088 EPS for the current 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. Capital Power’s natural gas and coal facilities, specifically its Genesee and Shepard sites, account for most of its electric capacity and cash flow production.