Capital Power (TSE:CPX) PT Set at C$82.00 by Desjardins

Capital Power (TSE:CPX) has been assigned a C$82.00 target price by equities researchers at Desjardins in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “top pick” rating on the stock. Desjardins’ price target would suggest a potential upside of 18.34% from the company’s current price.

Separately, Wells Fargo & Company set a C$70.00 target price on shares of Capital Power and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$75.90.

Capital Power Trading Up 3.4%

Shares of TSE:CPX traded up C$2.27 on Tuesday, hitting C$69.29. The company had a trading volume of 552,981 shares, compared to its average volume of 701,344. The firm’s 50-day simple moving average is C$65.43 and its two-hundred day simple moving average is C$62.67. Capital Power has a 1 year low of C$54.03 and a 1 year high of C$73.80. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00. The firm has a market capitalization of C$10.84 billion, a price-to-earnings ratio of -629.91, a P/E/G ratio of 0.91 and a beta of 0.54.

Capital Power (TSE:CPX) last posted its earnings results on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The firm had revenue of C$1.18 billion during the quarter. Equities analysts anticipate that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

About Capital Power

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.