Atb Cap Markets Reduces Capital Power’s Q3 EPS Estimate

Analysts at Atb Capital Markets have revised their earnings per share (EPS) forecast for Capital Power Co. (TSE: CPX) for the third quarter of 2025. In a note to investors dated October 19, 2023, analyst N. Heywood lowered the expected EPS from $1.05 to $0.97. This adjustment reflects a broader trend among financial institutions reassessing the company’s performance.

The consensus estimate for Capital Power’s full-year earnings currently stands at $2.82 per share. Several analysts have recently issued reports on the company, highlighting a mix of optimistic and cautious outlooks.

Analysts Upgrade Price Targets for Capital Power

CIBC has raised its price target on Capital Power from C$72.00 to C$85.00, maintaining an “outperform” rating. This adjustment was reported on October 16, 2023. Similarly, ATB Capital increased its target price from C$60.00 to C$68.00 while assigning a “sector perform” rating.

On July 31, 2023, the Royal Bank of Canada elevated its rating from “sector perform” to “outperform” and increased its price target from C$65.00 to C$67.00. In addition, Evercore ISI has classified shares of Capital Power as a “strong-buy” in a report released on October 6, 2023. National Bankshares also raised their price objective from C$64.00 to C$66.00, maintaining an “outperform” rating.

Currently, two equity research analysts have rated Capital Power with a “strong buy” designation, while six have issued a “buy” rating. Four analysts have given the stock a “hold” rating. According to data from MarketBeat, the average rating for the stock is “moderate buy,” with an average target price of C$71.67.

Current Performance and Metrics of Capital Power

As of October 18, 2023, Capital Power shares opened at C$70.31. The company exhibits a debt-to-equity ratio of 136.03, a current ratio of 1.05, and a quick ratio of 0.55. Capital Power boasts a market capitalization of C$10.91 billion, with a price-to-earnings (P/E) ratio of 22.54 and a PEG ratio of 0.91.

The stock has experienced a 50-day moving average price of C$63.73 and a 200-day moving average price of C$57.71. Over the past year, shares have seen a low of C$41.87 and a high of C$73.51.

Capital Power Corp operates as a major power producer in North America, focusing on the development, acquisition, and operation of power plants. Its portfolio includes facilities powered by natural gas, coal, wind, solar, and solid fuels, strategically located throughout Western and Central Canada and the United States.

Investors will be closely monitoring the upcoming quarterly results and further analyst ratings to gauge the future trajectory of Capital Power.