Capital Power (TSE:CPX) Price Target Raised to C$63.00

Capital Power (TSE:CPX) had its target price upped by ATB Capital from C$57.00 to C$63.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other analysts also recently issued research reports about the company. Desjardins raised their price objective on Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. CIBC lifted their price objective on Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. BMO Capital Markets increased their price objective on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday. National Bankshares increased their target price on Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, TD Securities boosted their price target on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Capital Power currently has a consensus rating of “Hold” and an average price target of C$61.22.

Capital Power Stock Performance

Shares of CPX stock opened at C$62.76 on Wednesday. The stock has a market cap of C$8.16 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The stock has a 50-day moving average of C$57.04 and a 200-day moving average of C$47.68. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. Capital Power has a one year low of C$33.90 and a one year high of C$68.73.

Capital Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.16%. Capital Power’s dividend payout ratio is currently 51.68%.

Insider Buying and Selling

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. 0.17% of the stock is owned by insiders.

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.