Capital Power Co. (TSE:CPX) Receives C$47.44 Consensus PT from Analysts

Shares of Capital Power Co. (TSE:CPX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$55.11.

Several equities analysts have recently weighed in on CPX shares. Royal Bank of Canada cut their target price on Capital Power from C$54.00 to C$53.00 and set a "sector perform" rating on the stock in a research report on Thursday. Atb Cap Markets raised Capital Power from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 26th. BMO Capital Markets boosted their target price on Capital Power from C$47.00 to C$56.00 and gave the company a "market perform" rating in a research report on Thursday. ATB Capital upped their price objective on Capital Power from C$52.00 to C$55.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, Scotiabank raised Capital Power from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$46.00 to C$60.00 in a research report on Thursday.

Capital Power Price Performance

TSE CPX traded up C$2.17 during trading hours on Thursday, reaching C$56.47. The company's stock had a trading volume of 777,927 shares, compared to its average volume of 468,567. The firm's 50-day moving average price is C$48.03 and its 200-day moving average price is C$42.30. 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 has a 1 year low of C$33.90 and a 1 year high of C$56.82. The company has a market capitalization of C$7.34 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.51 EPS for the quarter, missing analysts' consensus estimates of C$0.63 by C($0.12). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The business had revenue of C$774.00 million during the quarter. On average, equities research analysts predict that Capital Power will post 2.8197088 EPS for the current fiscal year.

Capital Power Announces Dividend

The company 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 $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power's dividend payout ratio is presently 51.68%.

Insider Activity

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm'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. Over the last three months, insiders have sold 6,400 shares of company stock valued at $322,274. Company insiders own 0.17% of the company's stock.

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.