Capital Power (TSE:CPX - Get Free Report) had its price target hoisted by equities researchers at ATB Capital from C$57.00 to C$63.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. ATB Capital's price objective would indicate a potential upside of 0.38% from the company's current price.
A number of other research analysts have also recently commented on CPX. Royal Bank of Canada cut their price target on shares of Capital Power from C$54.00 to C$53.00 and set a "sector perform" rating for the company in a research note on Thursday, October 31st. TD Securities lifted 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 research report on Wednesday, December 4th. CIBC upped their price target on Capital Power from C$52.00 to C$54.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Atb Cap Markets cut Capital Power from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. Finally, Scotiabank boosted their price target on Capital Power from C$66.00 to C$69.00 and gave the company an "outperform" rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$61.22.
View Our Latest Stock Analysis on Capital Power
Capital Power Stock Down 0.9 %
Shares of Capital Power stock traded down C$0.56 on Wednesday, hitting C$62.76. 994,482 shares of the company traded hands, compared to its average volume of 496,004. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$68.73. The company has a 50-day moving average price of C$57.04 and a 200 day moving average price of C$47.68. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The company has a market cap of C$8.16 billion, a PE ratio of 12.43, a PEG ratio of 0.91 and a beta of 0.64.
Insider Activity
In other news, Senior Officer Bryan Deneve sold 6,100 shares of the business's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders own 0.17% of the company's stock.
About Capital Power
(
Get Free Report)
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.
Further Reading
Before you consider Capital Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capital Power wasn't on the list.
While Capital Power currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
