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

Key Points

• Analysts broadly favor Capital Power: Eight of ten analysts rate the stock a “buy,” one rates it a “strong buy,” and one recommends holding it. The average 12-month price target is C$79.80.
• Recent analyst targets range from C$75 to C$88, with Desjardins naming Capital Power a “top pick” while Scotiabank and BMO Capital Markets made downward target revisions.
• Shares opened at C$60.96, below the analyst consensus target, while the company reported a quarterly loss of C$0.33 per share on C$714 million in revenue and carries a debt-to-equity ratio of 150.64.

Shares of Capital Power Co. (TSE:CPX - Get Free Report) have received a consensus recommendation of "Buy" from the ten analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$79.80.

CPX has been the topic of several research reports. Scotiabank decreased their target price on Capital Power from C$80.00 to C$79.00 and set a "sector outperform" rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company increased their price target on Capital Power from C$72.00 to C$75.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. TD set a C$80.00 target price on shares of Capital Power and gave the stock a "buy" rating in a research report on Thursday, September 17th. BMO Capital Markets cut their target price on Capital Power from C$85.00 to C$81.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. Finally, Desjardins boosted their price objective on Capital Power from C$82.00 to C$88.00 and gave the company a "top pick" rating in a report on Friday, July 3rd.

Capital Power Price Performance

CPX stock opened at C$60.96 on Monday. The stock has a market capitalization of C$9.58 billion, a P/E ratio of 106.95, a P/E/G ratio of 0.91 and a beta of 0.60. Capital Power has a fifty-two week low of C$56.48 and a fifty-two week high of C$77.02. The business has a 50-day moving average of C$63.10 and a 200-day moving average of C$67.00. The company has a debt-to-equity ratio of 150.64, a current ratio of 0.80 and a quick ratio of 0.55.

Capital Power (TSE:CPX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share (EPS) for the quarter. The business had revenue of C$714.00 million during the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. On average, sell-side analysts anticipate that Capital Power will post 2.82 earnings per share for the current fiscal year.

Capital Power Company Profile

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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