Capital Power (TSE:CPX - Free Report) had its target price boosted by Scotiabank from C$66.00 to C$69.00 in a research report report published on Wednesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.
A number of other equities research analysts have also recently issued reports on CPX. National Bankshares lifted their price target on shares of Capital Power from C$47.00 to C$56.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Royal Bank of Canada cut their target price on shares of Capital Power from C$54.00 to C$53.00 and set a "sector perform" rating for the company in a research note on Thursday, October 31st. BMO Capital Markets upped their price target 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. TD Securities lifted their price objective on Capital Power from C$61.00 to C$70.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Atb Cap Markets cut Capital Power from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$61.22.
Get Our Latest Stock Report on Capital Power
Capital Power Price Performance
CPX stock traded down C$0.56 during mid-day trading on Wednesday, reaching C$62.76. 994,482 shares of the company's stock were exchanged, compared to its average volume of 496,004. 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 12-month low of C$33.90 and a 12-month high of C$68.73. The stock's 50 day moving average is C$57.04 and its 200 day moving average is C$47.68. The company has a market cap of C$8.16 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.
Capital Power Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.652 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.16%. Capital Power's dividend payout ratio (DPR) is presently 51.68%.
Insider Transactions at Capital Power
In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm'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. Insiders own 0.17% of the company's stock.
About Capital Power
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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.
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