Desjardins Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX - Free Report) had its price objective lifted by Desjardins from C$66.00 to C$69.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts have also commented on the company. Atb Cap Markets lowered Capital Power from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. National Bankshares upped their price target on shares of Capital Power from C$56.00 to C$65.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. BMO Capital Markets increased their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 18th. Royal Bank of Canada dropped their price objective 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 note on Thursday, October 31st. Finally, ATB Capital increased their target price on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a "sector perform" rating in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$63.33.

Capital Power Stock Down 1.7 %

Shares of TSE CPX traded down C$0.91 during mid-day trading on Thursday, reaching C$53.22. The company had a trading volume of 1,019,344 shares, compared to its average volume of 961,826. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. The stock has a market cap of C$6.92 billion, a P/E ratio of 10.54, a PEG ratio of 0.91 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The firm has a 50 day simple moving average of C$61.28 and a two-hundred day simple moving average of C$52.54.

Capital Power (TSE:CPX - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported C$1.32 EPS for the quarter, topping analysts' consensus estimates of C$0.96 by C$0.36. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. During the same quarter in the previous year, the company earned $2.26 EPS. Sell-side analysts predict that Capital Power will post 2.8197088 earnings per share for the current year.

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.