Rating To Observe: Is Capital Power Corporation (TSE:CPX) a Buy? How Analyst Rate it? Why Raymond James Upgraded The Stock

November 25, 2016 - By Louis Casey

Capital Power Corporation (TSE:CPX) Upgrade

Capital Power Corporation (TSE:CPX)‘s rating was upgraded by equity analysts at Raymond James from a “Market Perform” rating to a “Outperform” rating in a analysts note released on Friday, 25 November. The firm from today has a $24.00 price target on the stock. Raymond James’s price target means a potential upside of 4.48%.

Capital Power Corp (TSE:CPX) Ratings Coverage

Out of 5 analysts covering Capital Power Corporation (TSE:CPX), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. $26 is the highest target while $18 is the lowest. The $21 average target is -8.30% below today’s ($22.9) stock price. Capital Power Corporation has been the topic of 21 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Tuesday, July 28 by Scotia Capital. The firm earned “Underperform” rating on Tuesday, October 25 by Scotia Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, October 25. The stock of Capital Power Corp (TSE:CPX) has “Target Price” rating given on Wednesday, November 25 by IBC.

About 1.29M shares traded hands or 372.81% up from the average. Capital Power Corp (TSE:CPX) has risen 18.83% since April 21, 2016 and is uptrending. It has outperformed by 13.42% the S&P500.

Capital Power Corp is a power producing company. The company has a market cap of $2.25 billion. The Firm develops, acquires, operates and optimizes power generation from a range of energy sources. It has a 22.87 P/E ratio. It operates through the operation of electrical generation facilities within Canada (Alberta, British Columbia and Ontario) and in the United States (North Carolina and New Mexico) segment.

More recent Capital Power Corp (TSE:CPX) news were published by: Business.Financialpost.com which released: “Capital Power Corp downgraded despite strong Q3” on October 25, 2016. Also Business.Financialpost.com published the news titled: “Capital Power upgraded on Alberta compensation for stranded coal assets” on November 25, 2016. Cbc.ca‘s news article titled: “Capital Power ditches deal to buy power of Sundance coal-fired plant” with publication date: March 24, 2016 was also an interesting one.

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