Capital Power Co. (TSE:CPX) Stock Has Average Price Target of C$79.80

Key Points

• Analysts remain bullish on Capital Power: Eleven firms have an average “Buy” recommendation, with an average 12-month price target of C$79.80 versus the stock’s C$61.30 opening price.
• Recent target changes were mixed, including Desjardins raising its target to C$88 and naming Capital Power a “top pick,” while CIBC and BMO lowered their targets to C$80 and C$81, respectively.
• Capital Power reported quarterly revenue of C$714 million and a loss of C$0.33 per share. The company operates approximately 12 GW of generation capacity across 32 North American facilities, alongside battery storage assets.

Capital Power Co. (TSE:CPX - Get Free Report) has received an average recommendation of "Buy" from the eleven research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$79.80.

Several brokerages have recently issued reports on CPX. Desjardins boosted their price objective on shares of Capital Power from C$82.00 to C$88.00 and gave the company a "top pick" rating in a research note on Friday, July 3rd. Canadian Imperial Bank of Commerce reduced their target price on Capital Power from C$83.00 to C$80.00 in a report on Tuesday, September 22nd. BMO Capital Markets lowered their price target on Capital Power from C$85.00 to C$81.00 and set an "outperform" rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company upped their price target on Capital Power from C$72.00 to C$75.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. Finally, TD set a C$80.00 price target on Capital Power and gave the stock a "buy" rating in a research note on Thursday, September 17th.

Capital Power Price Performance

CPX opened at C$61.30 on Thursday. The company's 50 day simple moving average is C$64.48 and its 200 day simple moving average is C$67.19. The company has a debt-to-equity ratio of 150.64, a quick ratio of 0.55 and a current ratio of 0.80. Capital Power has a 1 year low of C$56.48 and a 1 year high of C$77.02. The stock has a market capitalization of C$9.63 billion, a PE ratio of 107.54, a P/E/G ratio of 0.91 and a beta of 0.61.

Capital Power (TSE:CPX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$714.00 million for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. As a group, sell-side analysts expect that Capital Power will post 2.8197088 EPS for the current year.

About Capital Power

Capital Power TSX: CPX is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.

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