Capital Power (TSE:CPX) Raised to Strong-Buy at Cibc World Mkts

Capital Power (TSE:CPX) was upgraded by analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. CIBC raised shares of Capital Power from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from C$68.00 to C$64.00 in a research report on Tuesday. ATB Capital boosted their price objective on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 18th. Royal Bank of Canada lowered their target price on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, National Bankshares raised their price objective on Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$62.89.

Capital Power Stock Up 0.5 %

Shares of Capital Power stock opened at C$53.54 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73. The stock has a market cap of C$7.56 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a fifty day moving average price of C$58.79 and a 200 day moving average price of C$53.64.

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.