BMO Capital Markets Issues Pessimistic Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its target price reduced by equities research analysts at BMO Capital Markets from C$79.00 to C$78.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 23.77% from the company’s current price.

Several other analysts have also recently issued reports on CPX. Desjardins boosted their price objective on shares of Capital Power from C$80.00 to C$83.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. ATB Capital upgraded Capital Power from a “sector perform” rating to an “outperform” rating and set a C$75.00 price target on the stock in a research note on Thursday. Scotiabank raised their price objective on shares of Capital Power from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. TD Securities increased their price objective on shares of Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, CIBC decreased their price objective on Capital Power from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital Power presently has a consensus rating of “Buy” and an average target price of C$76.67.

Capital Power Trading Up 0.9%

Shares of TSE:CPX traded up C$0.57 during trading on Thursday, reaching C$63.02. The stock had a trading volume of 476,857 shares, compared to its average volume of 798,781. The stock has a market cap of C$9.81 billion, a P/E ratio of 22.67, a PEG ratio of 0.91 and a beta of 0.50. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. Capital Power has a fifty-two week low of C$41.87 and a fifty-two week high of C$73.80. The business has a fifty day moving average price of C$66.88 and a 200-day moving average price of C$61.48.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$0.94 earnings per share for the quarter. Capital Power had a return on equity of 15.16% and a net margin of 15.53%.The company had revenue of C$1.20 billion during the quarter. As a group, analysts anticipate that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

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.