Brokerages Set Capital Power Co. (TSE:CPX) PT at C$45.18

Capital Power Co. (TSE:CPX) has received an average recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$45.36.

Several research analysts recently issued reports on the company. ATB Capital increased their price objective on Capital Power from C$40.00 to C$42.00 in a research note on Wednesday. Royal Bank of Canada decreased their price objective on Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a report on Thursday, May 2nd. BMO Capital Markets dropped their target price on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Scotiabank boosted their price target on shares of Capital Power from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a report on Wednesday, June 12th. Finally, Raymond James dropped their price objective on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th.

Capital Power Price Performance

Capital Power stock opened at C$41.31 on Tuesday. The firm has a market capitalization of C$5.33 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$42.37. The firm has a 50-day moving average price of C$39.94 and a 200-day moving average price of C$38.12. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 125.95.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C$1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.93. The firm had revenue of C$1.12 billion during the quarter. Capital Power had a return on equity of 19.80% and a net margin of 16.78%. As a group, equities research analysts forecast that Capital Power will post 3.1603928 EPS for the current year.

Capital Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 5.95%. The ex-dividend date is Friday, June 28th. Capital Power’s payout ratio is 47.04%.

Insider Buying and Selling

In other Capital Power news, Senior Officer Bryan Deneve bought 5,000 shares of Capital Power stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of C$35.80 per share, with a total value of C$179,005.00. 0.17% of the stock is owned by corporate 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.