Capital Power (TSE:CPX) Price Target Raised to C$54.00 at CIBC

Capital Power (TSE:CPX) had its target price upped by CIBC from C$52.00 to C$54.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on CPX. Desjardins boosted their price objective on Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. TD Securities lifted their price objective on shares of Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their target price on Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. Atb Cap Markets upgraded Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 26th. Finally, National Bankshares lifted their target price on Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$55.11.

Capital Power Trading Up 4.0 %

TSE:CPX opened at C$56.47 on Thursday. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$56.82. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The firm’s 50 day moving average is C$48.03 and its 200 day moving average is C$42.30. The stock has a market capitalization of C$7.34 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The firm had revenue of C$774.00 million during the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. Sell-side analysts expect that Capital Power will post 2.8197088 earnings per share for the current year.

Capital Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Tuesday, December 31st. Capital Power’s payout ratio is 51.68%.

Insider Buying and Selling

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. Over the last three months, insiders have sold 6,400 shares of company stock worth $322,274. Insiders own 0.17% of the company’s stock.

Capital Power Company Profile

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.