Capital Power Co. (TSE:CPX) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Capital Power Co. has received a consensus recommendation of "Moderate Buy" from eleven brokerages, with three holding, seven buying, and one giving a strong buy rating.
• The average target price among analysts for Capital Power is C$68.78, with several firms raising their target prices recently.
• Shares of Capital Power opened at C$65.01, representing a 0.1% decline, and the company has a market capitalization of C$10.08 billion.

Shares of Capital Power Co. (TSE:CPX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$68.78.

Several brokerages have weighed in on CPX. ATB Capital boosted their price objective on Capital Power from C$60.00 to C$68.00 and gave the company a "sector perform" rating in a research report on Friday. Jefferies Financial Group downgraded Capital Power from a "buy" rating to a "hold" rating and boosted their price objective for the company from C$59.00 to C$60.00 in a research report on Thursday, June 12th. National Bankshares boosted their price objective on Capital Power from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research report on Friday. Desjardins raised their price target on Capital Power from C$75.00 to C$80.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Scotiabank lifted their price target on shares of Capital Power from C$67.00 to C$70.00 and gave the company an "outperform" rating in a report on Friday.

Capital Power Price Performance

TSE:CPX traded down C$0.40 during mid-day trading on Friday, reaching C$64.97. The stock had a trading volume of 254,103 shares, compared to its average volume of 811,719. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. Capital Power has a one year low of C$41.87 and a one year high of C$68.73. The firm has a 50 day moving average price of C$59.56 and a two-hundred day moving average price of C$54.55. The stock has a market capitalization of C$10.08 billion, a P/E ratio of 20.82, a P/E/G ratio of 0.91 and a beta of 0.47.

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.