Capital Power Co. (TSE:CPX) Receives Consensus Rating of “Hold” from Analysts

Capital Power Co. (TSE:CPX) has been given an average rating of “Hold” by the ten brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$45.09.

Several equities research analysts have issued reports on CPX shares. National Bankshares cut their price objective on shares of Capital Power from C$45.00 to C$43.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Scotiabank raised their price objective on shares of Capital Power from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 12th. CIBC raised their price objective on shares of Capital Power from C$39.00 to C$41.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. TD Securities cut their price objective on shares of Capital Power from C$49.00 to C$47.00 in a research report on Thursday, May 2nd. Finally, Desjardins dropped their price target on shares of Capital Power from C$53.00 to C$52.00 and set a “buy” rating for the company in a research report on Thursday, June 6th.

Capital Power Price Performance

Shares of TSE CPX opened at C$39.62 on Friday. The stock has a market capitalization of C$5.12 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 0.91 and a beta of 0.58. The business has a 50-day moving average of C$38.33 and a 200-day moving average of C$37.74. The company has a debt-to-equity ratio of 125.95, a current ratio of 0.75 and a quick ratio of 0.55. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$43.02.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$1.57 earnings per share for the quarter, beating the consensus estimate of C$0.64 by C$0.93. The company had revenue of C$1.12 billion during the quarter. Capital Power had a return on equity of 19.80% and a net margin of 16.78%. As a group, sell-side analysts predict that Capital Power will post 3.1603928 earnings per share for the current fiscal year.

Capital Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.615 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a yield of 6.21%. Capital Power’s dividend payout ratio (DPR) is 47.04%.

Insider Activity at Capital Power

In other news, Senior Officer Bryan Deneve acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of C$37.14 per share, with a total value of C$185,700.00. 0.17% of the stock is currently owned by insiders.

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.