Capital Power Co. (TSE:CPX) Given Consensus Rating of "Hold" by Analysts

Capital Power Co. (TSE:CPX - Get Free Report) has been given a consensus recommendation of "Hold" by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$62.78.

CPX has been the topic of a number of recent analyst reports. Desjardins boosted their price objective on Capital Power from C$60.00 to C$64.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Scotiabank boosted their price target on Capital Power from C$66.00 to C$69.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Atb Cap Markets downgraded shares of Capital Power from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. National Bankshares boosted their target price on shares of Capital Power from C$56.00 to C$65.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Finally, ATB Capital raised their target price on Capital Power from C$57.00 to C$63.00 and gave the company a "sector perform" rating in a research note on Wednesday, December 18th.

Capital Power Trading Down 0.0 %

Shares of CPX traded down C$0.01 during mid-day trading on Tuesday, reaching C$58.49. 894,007 shares of the company were exchanged, compared to its average volume of 897,129. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$68.73. The business has a 50 day simple moving average of C$61.31 and a two-hundred day simple moving average of C$50.78. The stock has a market capitalization of C$7.60 billion, a PE ratio of 11.58, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, December 31st. Capital Power's dividend payout ratio (DPR) is presently 51.68%.

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.