Capital Power (TSE:CPX) Price Target Cut to C$62.00 by Analysts at ATB Capital

Capital Power (TSE:CPX) had its price objective reduced by ATB Capital from C$63.00 to C$62.00 in a research report released on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

CPX has been the topic of several other research reports. TD Securities raised their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Scotiabank raised their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. National Bankshares upped 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 cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Desjardins boosted their price target on 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. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$62.33.

Capital Power Stock Performance

CPX opened at C$50.65 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. The stock’s 50 day moving average price is C$57.84 and its two-hundred day moving average price is C$54.04. The firm has a market capitalization of C$7.15 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$68.73.

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.