TD Securities Increases Capital Power (TSE:CPX) Price Target to C$70.00

Capital Power (TSE:CPX) had its price objective increased by TD Securities from C$61.00 to C$70.00 in a report released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the stock. CIBC lifted their price objective on shares of Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. 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, October 31st. BMO Capital Markets upped their price objective on shares of Capital Power from C$47.00 to C$56.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Royal Bank of Canada reduced their target price on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. Finally, ATB Capital increased their price target on Capital Power from C$55.00 to C$57.00 in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Capital Power presently has an average rating of “Hold” and a consensus target price of C$56.78.

Capital Power Stock Performance

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 one year low of C$33.90 and a one year high of C$64.39. The firm has a market capitalization of C$8.04 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The firm has a fifty day moving average of C$54.59 and a 200-day moving average of C$46.15.

Capital Power Dividend Announcement

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

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction 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. In the last quarter, insiders have sold 6,300 shares of company stock valued at $317,981. 0.17% of the stock is owned by 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.