Capital Power (TSE:CPX) Stock Price Expected to Rise, Desjardins Analyst Says

Capital Power (TSE:CPX) had its price target lifted by Desjardins from C$56.00 to C$60.00 in a report published on Thursday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. CIBC increased their price target on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a report on Thursday. BMO Capital Markets increased their target price on Capital Power from C$42.00 to C$47.00 in a research note on Thursday, September 5th. ATB Capital boosted their target price on shares of Capital Power from C$52.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday. Royal Bank of Canada cut their price target 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. Finally, Atb Cap Markets raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 26th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$55.11.

Capital Power Trading Down 2.1 %

CPX stock opened at C$55.30 on Thursday. The firm’s fifty day simple moving average is C$48.54 and its two-hundred day simple moving average is C$42.49. The stock has a market capitalization of C$7.19 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. 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 twelve month low of C$33.90 and a twelve month high of C$56.82.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share 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 return on equity of 19.49% and a net margin of 16.77%. As a group, analysts anticipate that Capital Power will post 2.8197088 earnings per share for the current year.

Capital Power Announces Dividend

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

Insider Buying and Selling

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction on Friday, October 4th. The stock was 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 valued at $322,274 over the last 90 days. Corporate 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.