Capital Power Corp Expected to Earn FY2019 Earnings of $1.34 Per Share (TSE:CPX)

Capital Power Corp (TSE:CPX) – Investment analysts at National Bank Financial lowered their FY2019 earnings per share estimates for shares of Capital Power in a research report issued on Monday, February 10th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $1.34 for the year, down from their previous estimate of $1.40. National Bank Financial currently has a “Outperform” rating and a $42.00 price target on the stock. National Bank Financial also issued estimates for Capital Power’s Q4 2019 earnings at $0.42 EPS and FY2021 earnings at $2.41 EPS.

CPX has been the topic of several other research reports. Scotiabank raised their price objective on shares of Capital Power from C$34.00 to C$37.00 in a research report on Friday, February 7th. CIBC raised their price objective on shares of Capital Power from C$34.00 to C$35.00 in a research report on Wednesday, January 15th. Raymond James set a C$36.00 price objective on shares of Capital Power and gave the company an “outperform” rating in a research report on Friday, December 6th. TD Securities raised their price objective on shares of Capital Power from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada raised their price objective on shares of Capital Power from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$36.00.

Capital Power stock opened at C$38.20 on Thursday. The firm’s fifty day moving average price is C$35.60 and its 200-day moving average price is C$32.55. The company has a debt-to-equity ratio of 117.38, a quick ratio of 0.30 and a current ratio of 0.71. The stock has a market cap of $4.01 billion and a P/E ratio of 94.09. Capital Power has a fifty-two week low of C$29.09 and a fifty-two week high of C$38.54.

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 5,100 megawatts of power generation capacity.

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