Capital Power (TSE:CPX) Upgraded at CIBC

CIBC upgraded shares of Capital Power (TSE:CPX) from a neutral rating to an outperform rating in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has C$64.00 price objective on the stock, down from their prior price objective of C$68.00.

Several other equities research analysts also recently weighed in on the company. Scotiabank increased their price target on Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Desjardins increased their price target on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. BMO Capital Markets increased their price target on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a report on Wednesday, December 18th. National Bankshares increased their price target on Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, TD Securities increased their price objective on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$62.89.

Capital Power Price Performance

Shares of TSE CPX opened at C$54.48 on Tuesday. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The stock has a fifty day moving average price of C$58.66 and a 200 day moving average price of C$53.74. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$68.73. The company has a market cap of C$7.69 billion, a PE ratio of 12.94, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.