National Bankshares Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX) had its price objective boosted by National Bankshares from C$47.00 to C$56.00 in a report issued on Thursday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on CPX. Desjardins increased their price target on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a research report on Thursday. TD Securities increased their target price on shares of Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Scotiabank raised shares of Capital Power from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$46.00 to C$60.00 in a research report on Thursday. ATB Capital upped their price objective on shares of 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, CIBC lifted their target price on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Capital Power has a consensus rating of “Hold” and an average price target of C$55.11.

Capital Power Trading Down 2.1 %

TSE CPX opened at C$55.30 on Thursday. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$56.82. The stock has a 50-day simple moving average of C$48.54 and a 200 day simple moving average of C$42.53. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The company 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 Dividend Announcement

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

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders sold 6,400 shares of company stock valued at $322,274 over the last three months. Company insiders own 0.17% of the company’s stock.

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.