Capital Power (TSE:CPX - Free Report) had its target price upped by National Bankshares from C$56.00 to C$65.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other research analysts have also recently commented on the company. Atb Cap Markets cut Capital Power from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. Desjardins increased their price target on Capital Power from C$56.00 to C$60.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. ATB Capital upped their target price on shares of Capital Power from C$57.00 to C$63.00 and gave the company a "sector perform" rating in a research report on Wednesday. Scotiabank lifted their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Royal Bank of Canada decreased their price objective on shares of Capital Power from C$54.00 to C$53.00 and set a "sector perform" rating on the stock in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$61.22.
Check Out Our Latest Report on CPX
Capital Power Price Performance
CPX traded down C$0.56 during trading on Wednesday, reaching C$62.76. The company's stock had a trading volume of 994,482 shares, compared to its average volume of 496,004. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The company has a market cap of C$8.16 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.91 and a beta of 0.64. The firm has a fifty day simple moving average of C$57.04 and a two-hundred day simple moving average of C$47.68. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46.
Capital Power Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.652 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.16%. Capital Power's dividend payout ratio (DPR) is 51.68%.
Insider Buying and Selling
In related news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders own 0.17% of the company's stock.
Capital Power Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Capital Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capital Power wasn't on the list.
While Capital Power currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
