Capital Power Co. (TSE:CPX) Given Average Rating of “Moderate Buy” by Analysts

Capital Power Co. (TSE:CPX) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$62.33.

A number of analysts recently issued reports on the company. Scotiabank boosted their price objective on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. CIBC upgraded Capital Power from a “neutral” rating to an “outperform” rating and decreased their price target for the company from C$68.00 to C$64.00 in a research report on Tuesday, February 18th. TD Securities increased their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets reduced their price objective on shares of Capital Power from C$68.00 to C$64.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Finally, Desjardins increased their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th.

Capital Power Trading Down 0.3 %

Shares of CPX stock opened at C$49.03 on Friday. The stock has a market capitalization of C$6.92 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.91 and a beta of 0.64. The company’s fifty day simple moving average is C$51.68 and its two-hundred day simple moving average is C$54.69. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.