Capital Power (TSE:CPX) Stock Rating Upgraded by Cibc World Mkts

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

Several other research analysts also recently issued reports on the company. BMO Capital Markets lifted their price objective on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 18th. National Bankshares upped their price objective on 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. Royal Bank of Canada decreased their price objective on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. Scotiabank boosted their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Finally, CIBC raised shares of Capital Power from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from C$68.00 to C$64.00 in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$62.89.

Capital Power Price Performance

Shares of TSE CPX opened at C$53.54 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. The stock has a market cap of C$7.56 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.91 and a beta of 0.64. The company’s 50-day moving average price is C$58.79 and its 200 day moving average price is C$53.64. Capital Power has a 52 week low of C$33.90 and a 52 week 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.