Brokerages Set Capital Power Co. (TSE:CPX) Price Target at C$46.44

Capital Power Co. (TSE:CPX) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$46.44.

Several research analysts have recently commented on CPX shares. ATB Capital boosted their price target on Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. National Bankshares increased their price target on Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. BMO Capital Markets lifted their target price on shares of Capital Power from C$42.00 to C$47.00 in a report on Thursday, September 5th. CIBC upped their price target on Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Scotiabank increased their price objective on shares of Capital Power from C$43.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st.

Capital Power Price Performance

Shares of Capital Power stock opened at C$48.55 on Wednesday. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. Capital Power has a one year low of C$33.90 and a one year high of C$48.88. The stock has a market cap of C$6.31 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. The stock has a 50 day moving average price of C$42.92 and a 200-day moving average price of C$39.80.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). The company had revenue of C$774.00 million for the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. Equities analysts expect that Capital Power will post 2.8198643 EPS for the current year.

Capital Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.652 dividend. This represents a $2.61 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Capital Power’s previous quarterly dividend of $0.62. Capital Power’s dividend payout ratio (DPR) is 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.