BMO Capital Markets Boosts Capital Power (TSE:CPX) Price Target to C$47.00

Capital Power (TSE:CPX) had its price objective hoisted by BMO Capital Markets from C$42.00 to C$47.00 in a research report report published on Thursday, BayStreet.CA reports.

CPX has been the subject of a number of other reports. Royal Bank of Canada upped their target price on Capital Power from C$39.00 to C$44.00 and gave the company a sector perform rating in a research report on Thursday, August 1st. TD Securities upped their price objective on Capital Power from C$47.00 to C$48.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Scotiabank increased their target price on Capital Power from C$43.00 to C$46.00 and gave the company an outperform rating in a research report on Thursday, August 1st. CIBC increased their target price on Capital Power from C$42.00 to C$45.00 and gave the company a neutral rating in a research report on Thursday, August 1st. Finally, ATB Capital increased their price target on Capital Power from C$40.00 to C$42.00 in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$46.44.

Capital Power Stock Performance

Shares of TSE CPX opened at C$45.71 on Thursday. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The stock’s fifty day moving average price is C$42.30 and its two-hundred day moving average price is C$39.54. Capital Power has a one year low of C$33.90 and a one year high of C$45.87. The firm has a market cap of C$5.94 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.91 and a beta of 0.63.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 EPS for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). The firm had revenue of C$774.00 million during the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%.

Capital Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a $0.652 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.61 annualized dividend and a yield of 5.71%. This is a positive change from Capital Power’s previous quarterly dividend of $0.62. Capital Power’s dividend payout ratio is presently 51.68%.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 2,441 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$40.38, for a total value of C$98,577.10. Corporate insiders own 0.17% of the company’s stock.

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.