Capital Power Co. (TSE:CPX) Receives Average Recommendation of "Moderate Buy" from Analysts

Capital Power Co. (TSE:CPX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$62.33.

A number of equities research analysts recently weighed in on the company. Scotiabank raised their price target on Capital Power from C$66.00 to C$69.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. BMO Capital Markets lowered their target price on 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. Cibc World Mkts upgraded shares of Capital Power from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. TD Securities increased their price objective 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. Finally, CIBC raised shares of Capital Power from a "neutral" rating to an "outperform" rating and dropped their target price for the stock from C$68.00 to C$64.00 in a research note on Tuesday, February 18th.

Capital Power Price Performance

TSE:CPX traded down C$0.05 on Wednesday, reaching C$47.24. The stock had a trading volume of 1,203,165 shares, compared to its average volume of 984,010. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$68.73. The stock has a fifty day moving average price of C$55.80 and a 200-day moving average price of C$54.33. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. The company has a market capitalization of C$6.67 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

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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.