FY2024 EPS Forecast for Capital Power Lifted by Analyst

Capital Power Co. (TSE:CPX - Free Report) - Investment analysts at National Bank Financial raised their FY2024 earnings per share estimates for shares of Capital Power in a research note issued to investors on Wednesday, November 27th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $4.43 per share for the year, up from their previous forecast of $4.42. The consensus estimate for Capital Power's current full-year earnings is $2.82 per share.

Several other research firms have also commented on CPX. Atb Cap Markets lowered shares of Capital Power from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. ATB Capital upped their target price on Capital Power from C$55.00 to C$57.00 in a research note on Wednesday, November 27th. BMO Capital Markets raised their price target on Capital Power from C$47.00 to C$56.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. CIBC upped their price objective on Capital Power from C$52.00 to C$54.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Finally, Scotiabank raised Capital Power from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$46.00 to C$60.00 in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$55.33.

Capital Power Price Performance

TSE CPX traded down C$0.98 during trading hours on Monday, reaching C$61.30. The company's stock had a trading volume of 589,156 shares, compared to its average volume of 466,879. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The stock has a market cap of C$7.97 billion, a PE ratio of 12.14, a PEG ratio of 0.91 and a beta of 0.64. The company's 50-day moving average is C$54.35 and its two-hundred day moving average is C$45.99. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$64.39.

Insider Transactions at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the business's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders have sold a total of 6,300 shares of company stock worth $317,981 in the last three months. Company insiders own 0.17% of the company's stock.

Capital Power Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.25%. Capital Power's payout ratio is currently 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.