Capital Power (TSE:CPX) Upgraded by Wells Fargo & Company to Hold Rating

Wells Fargo & Company upgraded shares of Capital Power (TSE:CPX) to a hold rating in a report published on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. Desjardins upgraded Capital Power from a “buy” rating to a “strong-buy” rating and set a C$82.00 target price on the stock in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce lifted their price target on Capital Power from C$81.00 to C$82.00 in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$75.90.

Capital Power Trading Down 4.0%

TSE CPX opened at C$64.00 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00. Capital Power has a 12 month low of C$52.70 and a 12 month high of C$73.80. The company has a market capitalization of C$10.01 billion, a PE ratio of -581.82, a P/E/G ratio of 0.91 and a beta of 0.54. The stock has a 50-day simple moving average of C$64.96 and a 200 day simple moving average of C$63.08.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The company had revenue of C$1.18 billion during the quarter. Research analysts forecast 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.