Capital Power (TSE:CPX) Upgraded by Raymond James to Outperform

Raymond James upgraded shares of Capital Power (TSE:CPX) from a market perform rating to an outperform rating in a research note published on Wednesday morning, BayStreet.CA reports. Raymond James currently has C$36.00 price objective on the stock, down from their previous price objective of C$39.00.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada raised their price objective on Capital Power from C$33.00 to C$37.00 and gave the company a sector perform rating in a research report on Monday, February 10th. Scotiabank raised their price target on Capital Power from C$34.00 to C$37.00 in a report on Friday, February 7th. CIBC upgraded Capital Power from a neutral rating to an outperform rating and reduced their price target for the company from C$39.00 to C$30.00 in a report on Friday, March 20th. TD Securities raised their price target on Capital Power from C$38.00 to C$42.00 and gave the company a buy rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets raised their price target on Capital Power from C$29.00 to C$32.00 in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Capital Power presently has an average rating of Buy and an average target price of C$36.00.

Capital Power stock traded up C$0.49 on Wednesday, hitting C$27.30. 710,780 shares of the stock traded hands, compared to its average volume of 494,766. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 116.32. The firm has a market cap of $2.83 billion and a P/E ratio of 37.92. The business’s fifty day simple moving average is C$33.12 and its 200 day simple moving average is C$32.90. Capital Power has a 1 year low of C$20.23 and a 1 year high of C$38.88.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Monday, February 24th. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.16). The business had revenue of C$683.00 million during the quarter. As a group, analysts predict that Capital Power will post 2.06 earnings per share for the current year.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.

Featured Story: Do Tariffs Work?

Analyst Recommendations for Capital Power (TSE:CPX)

Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.