Capital Power (TSE:CPX) Stock Price Expected to Rise, National Bankshares Analyst Says

Capital Power (TSE:CPX) had its target price boosted by National Bankshares from C$47.00 to C$56.00 in a research note released on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. TD Securities lifted their target price on Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research report on Tuesday. CIBC raised their price target on Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research note on Thursday. Scotiabank upgraded Capital Power from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$46.00 to C$60.00 in a research note on Thursday. Desjardins raised their target price on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Atb Cap Markets raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 26th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$55.11.

Capital Power Stock Performance

Shares of CPX stock opened at C$56.47 on Thursday. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$56.82. The company’s fifty day simple moving average is C$48.03 and its 200-day simple moving average is C$42.30. The firm has a market cap of C$7.34 billion, a PE ratio of 11.18, a P/E/G ratio of 0.91 and a beta of 0.64. 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 (TSE:CPX) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.63 by C($0.12). Capital Power had a net margin of 16.77% and a return on equity of 19.49%. The business had revenue of C$774.00 million during the quarter. Equities research analysts expect that Capital Power will post 2.8197088 EPS for the current fiscal year.

Capital Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.62%. Capital Power’s dividend payout ratio (DPR) is presently 51.68%.

Insider Activity

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Over the last quarter, insiders have sold 6,400 shares of company stock valued at $322,274. 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.