Capital Power Co. (TSE:CPX) Receives C$62.78 Average PT from Analysts

Capital Power Co. (TSE:CPX) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$62.78.

Several brokerages have commented on CPX. BMO Capital Markets raised their target price on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a report on Wednesday, December 18th. ATB Capital lifted their price objective on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 18th. National Bankshares increased their target price on Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Scotiabank lifted their price target on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, CIBC increased their price objective on Capital Power from C$54.00 to C$68.00 and gave the stock a “neutral” rating in a research note on Monday, December 30th.

Capital Power Trading Up 3.5 %

TSE:CPX opened at C$61.04 on Tuesday. The stock has a fifty day simple moving average of C$61.45 and a 200 day simple moving average of C$51.17. The firm has a market capitalization of C$7.93 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$68.73. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46.

Capital Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.652 per share. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio (DPR) is presently 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.