FY2024 EPS Estimates for Capital Power Boosted by Analyst

Capital Power Co. (TSE:CPX) – Equities research analysts at National Bank Financial upped their FY2024 EPS estimates for Capital Power in a research report issued on Wednesday, October 30th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $4.42 for the year, up from their previous forecast of $3.80. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share. National Bank Financial also issued estimates for Capital Power’s FY2025 earnings at $3.61 EPS.

A number of other equities research analysts have also recently weighed in on the company. ATB Capital upped their price target on Capital Power from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets upped their target price on Capital Power from C$47.00 to C$56.00 and gave the company a “market perform” rating in a report on Thursday. Scotiabank upgraded Capital Power from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$46.00 to C$60.00 in a research report on Thursday. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Desjardins raised their target price on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a report on Thursday. Six research 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 an average rating of “Hold” and an average price target of C$55.11.

Capital Power Trading Down 2.1 %

Shares of Capital Power stock opened at C$55.30 on Monday. The company has a 50-day moving average of C$48.54 and a two-hundred day moving average of C$42.53. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$56.82. 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 stock has a market cap of C$7.19 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction that occurred 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. Insiders have sold 6,400 shares of company stock valued at $322,274 in the last ninety days. Insiders own 0.17% of the company’s stock.

Capital Power Dividend Announcement

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

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.