Capital Power (TSE:CPX) Upgraded at Evercore ISI

Key Points

• Evercore ISI upgraded Capital Power to a "strong-buy" rating, signaling increased confidence in the company's stock performance.
• Several analysts, including TD Securities and National Bankshares, have also raised their price targets for Capital Power, with the current average target at C$68.78.
• Capital Power shares opened at C$72.83, with a market capitalization of C$11.30 billion and a one-year price range between C$41.87 and C$72.94.

Capital Power (TSE:CPX - Get Free Report) was upgraded by Evercore ISI to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. TD Securities raised their price target on Capital Power from C$69.00 to C$72.00 and gave the company a "buy" rating in a report on Friday, September 19th. National Bankshares upped their price objective on 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. CIBC lifted their target price on Capital Power from C$66.00 to C$72.00 in a research note on Thursday, July 10th. Royal Bank Of Canada raised Capital Power from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$65.00 to C$67.00 in a report on Thursday, July 31st. Finally, Jefferies Financial Group lowered shares of Capital Power from a "buy" rating to a "hold" rating and increased their price objective for the company from C$59.00 to C$60.00 in a report on Thursday, June 12th. Two research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$68.78.

Capital Power Stock Performance

Shares of TSE CPX opened at C$72.83 on Monday. The stock has a market cap of C$11.30 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49. Capital Power has a 1 year low of C$41.87 and a 1 year high of C$72.94. The firm has a fifty day moving average price of C$61.16 and a 200-day moving average price of C$56.10. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55.

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.