CIBC Boosts Capital Power (CPX) Price Target to C$30.00

Capital Power (TSE:CPX) had its price target upped by CIBC from C$29.00 to C$30.00 in a research note released on Wednesday.

A number of other research firms also recently issued reports on CPX. Industrial Alliance Securities downgraded shares of Capital Power from a buy rating to a hold rating and decreased their price target for the stock from C$31.00 to C$30.00 in a research note on Tuesday, October 9th. TD Securities increased their price target on shares of Capital Power from C$28.00 to C$29.00 and gave the stock a buy rating in a research note on Tuesday, July 31st. BMO Capital Markets upped their price objective on shares of Capital Power from C$28.00 to C$29.00 in a report on Friday, September 7th. Raymond James restated an outperform rating and issued a C$30.00 price objective on shares of Capital Power in a report on Tuesday, July 31st. Finally, National Bank Financial upped their price objective on shares of Capital Power from C$32.00 to C$33.00 and gave the stock an outperform rating in a report on Friday, September 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of C$29.78.

CPX stock opened at C$28.97 on Wednesday. Capital Power has a 1 year low of C$22.15 and a 1 year high of C$29.79.



Capital Power (TSE:CPX) last released its quarterly earnings results on Monday, July 30th. The company reported C$0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.35 by C($0.13). Capital Power had a negative return on equity of 2.75% and a negative net margin of 4.98%. The company had revenue of C$363.00 million during the quarter, compared to the consensus estimate of C$297.19 million.

About Capital Power

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 4,500 megawatts of power generation capacity.

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