Analysts Set Capital Power Co. (TSE:CPX) Target Price at C$45.09

Shares of Capital Power Co. (TSE:CPX) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$45.09.

CPX has been the topic of several analyst reports. CIBC lifted their target price on Capital Power from C$39.00 to C$41.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Scotiabank lifted their target price on Capital Power from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 12th. ATB Capital set a C$40.00 target price on Capital Power and gave the company a “sector perform” rating in a research report on Thursday, June 6th. National Bankshares cut their target price on Capital Power from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Finally, TD Securities cut their target price on Capital Power from C$49.00 to C$47.00 in a research report on Thursday, May 2nd.

Insider Activity

In other news, Senior Officer Bryan Deneve purchased 5,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of C$35.80 per share, with a total value of C$179,005.00. Insiders own 0.17% of the company’s stock.

Capital Power Trading Up 0.8 %

TSE CPX opened at C$39.25 on Friday. The company has a market cap of C$5.07 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 0.91 and a beta of 0.58. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$42.34. The business has a 50 day moving average price of C$38.67 and a 200-day moving average price of C$37.78. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, May 1st. The company reported C$1.57 EPS for the quarter, beating the consensus estimate of C$0.64 by C$0.93. The firm had revenue of C$1.12 billion during the quarter. Capital Power had a return on equity of 19.80% and a net margin of 16.78%. As a group, equities analysts expect that Capital Power will post 3.1603928 earnings per share for the current fiscal year.

Capital Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.615 per share. The ex-dividend date is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.27%. Capital Power’s dividend payout ratio is presently 47.04%.

About Capital Power

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.