Capital Power Co. (TSE:CPX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Capital Power Co. (TSE:CPX) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$46.44.

Several research analysts have recently issued reports on CPX shares. Royal Bank of Canada upped their price objective on Capital Power from C$39.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Atb Cap Markets upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th. Desjardins boosted their price objective on shares of Capital Power from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. CIBC increased their target price on shares of Capital Power from C$42.00 to C$45.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets lifted their price target on shares of Capital Power from C$42.00 to C$47.00 in a research note on Thursday, September 5th.

Insider Buying and Selling at Capital Power

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

Capital Power Stock Performance

The business’s 50-day moving average price is C$45.97 and its 200-day moving average price is C$41.17. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$50.92. The firm has a market cap of C$6.54 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing the consensus estimate of C$0.63 by C($0.12). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The business had revenue of C$774.00 million for the quarter. On average, research analysts forecast that Capital Power will post 2.8211658 earnings per share for the current year.

Capital Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.652 dividend. This is a boost from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 30th. This represents a $2.61 annualized dividend and a dividend yield of ∞. Capital Power’s dividend payout ratio (DPR) is 51.68%.

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.