FY2024 EPS Estimates for Capital Power Co. (TSE:CPX) Raised by Analyst

Capital Power Co. (TSE:CPX) – Stock analysts at National Bank Financial lifted their FY2024 EPS estimates for shares of Capital Power in a research note issued to investors on Thursday, August 1st. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $3.80 per share for the year, up from their previous forecast of $3.50. The consensus estimate for Capital Power’s current full-year earnings is $3.16 per share.

Several other brokerages have also recently issued reports on CPX. Desjardins lowered their target price on shares of Capital Power from C$53.00 to C$52.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Royal Bank of Canada lifted their target price on shares of Capital Power from C$39.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. TD Securities lifted their target price on shares of Capital Power from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Scotiabank lifted their price target on Capital Power from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, ATB Capital lifted their price target on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$46.50.

Capital Power Trading Up 1.3 %

Shares of CPX opened at C$43.41 on Monday. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$43.59. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95. The firm’s fifty day moving average is C$40.55 and its two-hundred day moving average is C$38.41. The stock has a market cap of C$5.61 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58.

Capital Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.652 dividend. This is a positive change from Capital Power’s previous quarterly dividend of $0.62. This represents a $2.61 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Friday, September 27th. Capital Power’s payout ratio is 47.04%.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve sold 2,441 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$40.38, for a total value of C$98,577.10. 0.17% of the stock is owned by insiders.

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.