Capital Power (TSE:CPX) Price Target Raised to C$57.00

Capital Power (TSE:CPX) had its price target raised by TD Securities from C$48.00 to C$57.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

CPX has been the subject of several other research reports. Atb Cap Markets upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 26th. CIBC boosted their target price on shares of Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. BMO Capital Markets upped their price objective on Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. ATB Capital raised their target price on Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. Finally, Scotiabank boosted their target price on Capital Power from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$55.11.

Capital Power Trading Up 4.0 %

TSE CPX opened at C$56.47 on Tuesday. The firm has a market cap of C$7.34 billion, a price-to-earnings ratio of 11.09, 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$56.82. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The firm has a 50 day simple moving average of C$48.03 and a 200-day simple moving average of C$42.30.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). The company 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%. Equities research analysts anticipate that Capital Power will post 2.8197088 EPS for the current fiscal year.

Capital Power Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s dividend payout ratio is currently 51.68%.

Insider Transactions at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Over the last ninety days, insiders have sold 6,400 shares of company stock worth $322,274. 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.