National Bank Financial Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX) had its target price hoisted by research analysts at National Bank Financial from C$75.00 to C$82.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 14.73% from the stock’s previous close.

Several other research firms have also issued reports on CPX. Wells Fargo & Company set a C$70.00 target price on Capital Power and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Desjardins set a C$82.00 price objective on Capital Power and gave the stock a “top pick” rating in a research report on Tuesday, May 26th. Two equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$76.70.

Capital Power Stock Performance

Shares of CPX stock traded up C$0.83 during trading on Monday, reaching C$71.47. 339,322 shares of the company’s stock were exchanged, compared to its average volume of 698,449. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00. The firm’s fifty day moving average price is C$65.96 and its 200-day moving average price is C$62.70. Capital Power has a twelve month low of C$54.03 and a twelve month high of C$73.80. The stock has a market capitalization of C$11.18 billion, a PE ratio of -649.73, a PEG ratio of 0.91 and a beta of 0.54.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The firm had revenue of C$1.18 billion for the quarter. As a group, sell-side analysts anticipate that Capital Power will post 2.8197088 EPS for the current 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.