National Bankshares Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its target price raised by National Bankshares from C$56.00 to C$65.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts have also commented on CPX. Royal Bank of Canada dropped 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. CIBC raised 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 lifted their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets increased their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, TD Securities lifted their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$61.22.

Capital Power Price Performance

TSE:CPX opened at C$63.15 on Wednesday. The firm’s fifty day moving average is C$57.79 and its two-hundred day moving average is C$48.21. The firm has a market cap of C$8.21 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a one year low of C$33.90 and a one year high of C$68.73. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 4.13%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s payout ratio is 51.68%.

Insider Activity

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 stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Company 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.