Capital Power (TSE:CPX) Reaches New 1-Year High - Should You Buy?

Key Points

• Capital Power's stock reached a new 52-week high of C$73.07, indicating strong market performance with a last traded price of C$72.33.
• Analysts have increased their price targets, with Scotiabank raising it from C$67 to C$70 and CIBC increasing it to C$72, reflecting a positive outlook on the stock.
• The company has a current market capitalization of C$11.28 billion and a price-to-earnings ratio of 23.32, showing solid valuation metrics for investors.

Capital Power Co. (TSE:CPX - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$73.07 and last traded at C$72.33, with a volume of 210470 shares. The stock had previously closed at C$72.34.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Scotiabank boosted their price target on Capital Power from C$67.00 to C$70.00 and gave the stock an "outperform" rating in a report on Friday, September 19th. Royal Bank Of Canada raised Capital Power from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$65.00 to C$67.00 in a research note on Thursday, July 31st. ATB Capital lifted their price objective on Capital Power from C$60.00 to C$68.00 and gave the stock a "sector perform" rating in a research note on Friday, September 19th. Evercore ISI raised Capital Power to a "strong-buy" rating in a research note on Monday, October 6th. Finally, CIBC lifted their price objective on Capital Power from C$66.00 to C$72.00 in a research note on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$68.78.

Capital Power Stock Performance

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 50 day simple moving average of C$62.34 and a 200-day simple moving average of C$56.77. The stock has a market capitalization of C$11.28 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49.

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.

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