Capital Power (TSE:CPX) Upgraded by Scotiabank to Outperform Rating

Capital Power (TSE:CPX) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a C$60.00 target price on the stock, up from their previous target price of C$46.00. Scotiabank’s price target would indicate a potential upside of 8.50% from the company’s current price.

Other research analysts also recently issued reports about the company. Desjardins upped their price target on Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Atb Cap Markets upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th. TD Securities lifted their price target on shares of Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday. ATB Capital increased their price objective on shares of Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. Finally, CIBC lifted their target price on shares of Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$55.11.

Capital Power Stock Performance

Shares of CPX stock opened at C$55.30 on Thursday. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The company has a market capitalization of C$7.19 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a one year low of C$33.90 and a one year high of C$56.82. The company’s 50-day moving average is C$48.30 and its 200 day moving average is C$42.40.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The firm had revenue of C$774.00 million during the quarter. Sell-side analysts expect that Capital Power will post 2.8197088 EPS for the current fiscal year.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Over the last three months, insiders have sold 6,400 shares of company stock worth $322,274. Corporate insiders own 0.17% of the company’s stock.

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.