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

Key Points

• Capital Power Co. has received a consensus rating of “Moderate Buy” from twelve research firms, with varied recommendations including three holds, seven buys, and two strong buys.
• The average twelve-month price target for Capital Power's stock is C$68.78, reflecting several recent increases in price targets from major banks and analysts.
• Capital Power’s stock is currently trading at C$72.57, with a notable 12-month price range between C$41.87 and C$73.35, and the company has a market cap of C$11.26 billion.

Capital Power Co. (TSE:CPX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$68.78.

CPX has been the topic of a number of recent analyst reports. National Bankshares raised their target price on shares of Capital Power from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a research note on Friday, September 19th. Desjardins boosted their price target on shares of Capital Power from C$75.00 to C$80.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. CIBC boosted their price target on shares of Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. Scotiabank boosted their price objective on shares of Capital Power from C$67.00 to C$70.00 and gave the company an "outperform" rating in a research report on Friday, September 19th. Finally, Royal Bank Of Canada upgraded shares of Capital Power from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$65.00 to C$67.00 in a research report on Thursday, July 31st.

Capital Power Stock Performance

CPX opened at C$72.57 on Thursday. Capital Power has a 12-month low of C$41.87 and a 12-month high of C$73.35. The company has a market cap of C$11.26 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 0.91 and a beta of 0.49. The company's 50 day moving average is C$62.61 and its 200 day moving average is C$56.88. 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 Company Profile

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.