Capital Power (TSE:CPX) Upgraded by Cibc World Mkts to Strong-Buy Rating

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

A number of other research firms have also recently commented on CPX. Desjardins raised their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada lowered their price objective on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. CIBC upgraded Capital Power from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from C$68.00 to C$64.00 in a research note on Tuesday. National Bankshares increased their price target 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. Finally, ATB Capital boosted their price target on Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Capital Power presently has a consensus rating of “Moderate Buy” and an average price target of C$62.89.

Capital Power Stock Performance

Shares of Capital Power stock opened at C$53.54 on Tuesday. Capital Power has a one year low of C$33.90 and a one year high of C$68.73. The company has a market capitalization of C$7.56 billion, a PE ratio of 12.72, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The company has a 50-day simple moving average of C$58.79 and a two-hundred day simple moving average 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.