Capital Power (TSE:CPX) Rating Increased to Outperform at CIBC

Capital Power (TSE:CPX) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a report released on Tuesday,BayStreet.CA reports. The firm currently has a C$64.00 price objective on the stock, down from their previous price objective of C$68.00. CIBC’s price objective would suggest a potential upside of 19.54% from the company’s previous close.

A number of other research analysts also recently commented on CPX. Royal Bank of Canada cut their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. ATB Capital lifted their price objective on shares of Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a report on Wednesday, December 18th. Atb Cap Markets cut Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Desjardins boosted their price target on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Scotiabank raised their price objective on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$62.89.

Capital Power Price Performance

Shares of CPX stock opened at C$53.54 on Tuesday. The stock has a market capitalization of C$7.56 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.91 and a beta of 0.64. 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 twelve month low of C$33.90 and a twelve month high of C$68.73. The stock has a fifty day simple moving average of C$58.79 and a two-hundred day simple moving average of C$53.64.

Capital Power Company Profile

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.