Capital Power (TSE:CPX) Price Target Raised to C$54.00

Capital Power (TSE:CPX) had its target price boosted by CIBC from C$52.00 to C$54.00 in a report published on Thursday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

CPX has been the subject of several other reports. National Bankshares raised their target price on shares of Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. BMO Capital Markets lifted their target price on Capital Power from C$42.00 to C$47.00 in a research note on Thursday, September 5th. Atb Cap Markets raised Capital Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 26th. TD Securities raised their price target on Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, ATB Capital upped their price objective on shares of Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Capital Power has an average rating of “Hold” and an average target price of C$55.11.

Capital Power Price Performance

TSE:CPX opened at C$55.30 on Thursday. The stock has a market capitalization of C$7.19 billion, a PE ratio of 10.95, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$56.82. The firm has a fifty day simple moving average of C$48.54 and a 200 day simple moving average of C$42.49. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46.

Capital Power (TSE:CPX) last announced 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). The firm had revenue of C$774.00 million during the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. On average, research analysts expect that Capital Power will post 2.8197088 EPS for the current fiscal year.

Capital Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.652 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.72%. Capital Power’s dividend payout ratio (DPR) is presently 51.68%.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction that occurred 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 sold 6,400 shares of company stock worth $322,274 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

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.