Capital Power (TSE:CPX) Price Target Increased to C$48.00 by Analysts at TD Securities

Capital Power (TSE:CPX) had its price target boosted by TD Securities from C$47.00 to C$48.00 in a report issued on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also commented on the stock. ATB Capital lifted their price target on shares of Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. CIBC upped their price objective on shares of Capital Power from C$41.00 to C$42.00 and gave the stock a neutral rating in a research report on Monday, July 22nd. Royal Bank of Canada reduced their target price on shares of Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a research report on Thursday, May 2nd. Raymond James reduced their target price on shares of Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a research report on Thursday, April 25th. Finally, National Bankshares increased their target price on shares of Capital Power from C$43.00 to C$44.00 in a research report on Thursday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital Power currently has an average rating of Moderate Buy and a consensus target price of C$46.91.

Capital Power Price Performance

Shares of TSE CPX traded down C$0.05 during midday trading on Thursday, reaching C$43.31. The company’s stock had a trading volume of 33,489 shares, compared to its average volume of 469,198. The business’s 50 day moving average price is C$40.27 and its two-hundred day moving average price is C$38.27. The company has a market cap of C$5.59 billion, a P/E ratio of 8.29, a P/E/G ratio of 0.91 and a beta of 0.58. The company has a debt-to-equity ratio of 125.95, a quick ratio of 0.55 and a current ratio of 0.75. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$43.58.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.93. The business had revenue of C$1.12 billion for the quarter. Capital Power had a net margin of 16.78% and a return on equity of 19.80%. On average, analysts forecast that Capital Power will post 3.1603928 EPS for the current fiscal year.

Capital Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.652 dividend. This is a boost from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.61 dividend on an annualized basis and a dividend yield of 6.02%. Capital Power’s payout ratio is presently 47.04%.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve purchased 5,000 shares of Capital Power stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of C$37.14 per share, for a total transaction of C$185,700.00. 0.17% of the stock is owned by corporate 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.