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

Capital Power (TSE:CPX) had its target price reduced by equities researchers at ATB Capital from C$63.00 to C$62.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Capital’s price target would suggest a potential upside of 20.83% from the stock’s current price.

A number of other brokerages also recently weighed in on CPX. BMO Capital Markets cut their target price on Capital Power from C$68.00 to C$64.00 and set a “market perform” rating on the stock in a research note on Thursday. Scotiabank upped their price target on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. National Bankshares raised their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, TD Securities raised their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Capital Power currently has an average rating of “Moderate Buy” and an average target price of C$62.33.

Capital Power Stock Up 0.2 %

Shares of CPX traded up C$0.12 during trading hours on Thursday, reaching C$51.31. The stock had a trading volume of 585,165 shares, compared to its average volume of 905,980. The company has a market capitalization of C$7.25 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 0.91 and a beta of 0.64. The firm has a 50-day simple moving average of C$57.84 and a 200 day simple moving average of C$54.04. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$68.73. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

About Capital Power

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.