Brokerages Set Capital Power Co. (TSE:CPX) Price Target at C$44.68

Shares of Capital Power Co. (TSE:CPX) have received a consensus rating of “Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$44.68.

Several equities analysts recently weighed in on CPX shares. Credit Suisse Group reissued an “outperform” rating and issued a C$46.00 target price on shares of Capital Power in a research note on Wednesday, May 26th. TD Securities upped their target price on Capital Power from C$45.00 to C$47.00 and gave the company a “buy” rating in a report on Tuesday, August 3rd. CIBC boosted their price target on Capital Power from C$42.00 to C$43.00 in a research note on Tuesday, August 3rd. CSFB set a C$46.00 target price on Capital Power and gave the stock an “outperform” rating in a research report on Wednesday, May 26th. Finally, Raymond James increased their price target on Capital Power from C$44.00 to C$48.50 and gave the company an “outperform” rating in a research report on Tuesday, August 3rd.

TSE:CPX remained flat at $C$44.04 during mid-day trading on Tuesday. 180,483 shares of the company’s stock were exchanged, compared to its average volume of 310,345. The company has a debt-to-equity ratio of 100.56, a quick ratio of 0.58 and a current ratio of 0.89. Capital Power has a 12-month low of C$28.40 and a 12-month high of C$44.38. The stock has a market capitalization of C$5.05 billion and a PE ratio of 26.59. The firm’s 50 day moving average is C$42.33 and its two-hundred day moving average is C$39.72.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Shareholders of record on Thursday, September 30th will be paid a $0.548 dividend. This is an increase from Capital Power’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, September 29th. This represents a $2.19 annualized dividend and a dividend yield of 4.98%. Capital Power’s payout ratio is 123.79%.

In other news, Senior Officer Burness Kathryn Chisholm sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 17th. The shares were sold at an average price of C$41.34, for a total value of C$826,708.00. Following the completion of the sale, the insider now directly owns 22,359 shares of the company’s stock, valued at C$924,218.21.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. It generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. The company owns an approximately 6,500 megawatts of power generation capacity at 28 facilities.

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Analyst Recommendations for Capital Power (TSE:CPX)

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