CIBC Increases Capital Power (TSE:CPX) Price Target to C$82.00

Capital Power (TSE:CPX) had its price target raised by equities researchers at CIBC from C$81.00 to C$82.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 40.70% from the company’s current price.

CPX has been the topic of several other research reports. Evercore ISI upgraded Capital Power to a “strong-buy” rating in a research report on Monday, October 6th. BMO Capital Markets decreased their price objective on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. ATB Capital set a C$75.00 price target on Capital Power and gave the company an “outperform” rating in a report on Tuesday, December 23rd. National Bankshares set a C$74.00 price target on Capital Power and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Desjardins boosted their price objective on shares of Capital Power from C$80.00 to C$82.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$76.56.

Capital Power Price Performance

Shares of TSE CPX traded up C$0.67 during midday trading on Wednesday, reaching C$58.28. The company’s stock had a trading volume of 437,750 shares, compared to its average volume of 960,452. Capital Power has a one year low of C$41.87 and a one year high of C$73.80. The company has a market cap of C$9.07 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth 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. The company has a 50 day moving average price of C$60.60 and a 200 day moving average price of C$62.31.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, October 29th. The company reported C$0.94 earnings per share (EPS) for the quarter. Capital Power had a net margin of 15.53% and a return on equity of 15.16%. The company had revenue of C$1.20 billion during the quarter. On average, equities research analysts expect 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.