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

Shares of Capital Power Co. (TSE:CPX) have earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$62.78.

Several equities analysts have weighed in on CPX shares. ATB Capital lifted their target price on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 18th. Desjardins boosted their price objective on shares of Capital Power from C$60.00 to C$64.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada cut their price objective on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st.

Capital Power Stock Performance

Shares of CPX stock opened at C$62.13 on Tuesday. The stock’s fifty day simple moving average is C$61.56 and its 200-day simple moving average is C$51.32. The company has a market capitalization of C$8.07 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$68.73.

Capital Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Tuesday, December 31st. Capital Power’s payout ratio is 51.68%.

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.