Capital Power Corp (TSE:CPX) Receives Average Rating of “Hold” from Brokerages

Capital Power Corp (TSE:CPX) has earned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$33.00.

Several research analysts have recently issued reports on the stock. CIBC upped their target price on shares of Capital Power from C$32.50 to C$33.00 in a research note on Thursday, May 9th. BMO Capital Markets upped their target price on shares of Capital Power from C$30.00 to C$31.00 in a research note on Tuesday, July 30th. National Bank Financial upped their target price on shares of Capital Power from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 19th. CSFB upped their target price on shares of Capital Power from C$28.00 to C$32.00 in a research note on Thursday, April 25th. Finally, Raymond James upped their target price on shares of Capital Power from C$35.50 to C$36.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th.

In related news, Director Brian Tellef Vaasjo acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of C$29.75 per share, for a total transaction of C$297,500.00. Following the completion of the transaction, the director now directly owns 128,192 shares in the company, valued at C$3,813,712.

Shares of TSE CPX traded up C$0.38 during midday trading on Friday, hitting C$30.55. The stock had a trading volume of 119,527 shares, compared to its average volume of 294,216. The firm’s 50 day moving average is C$30.25. The stock has a market cap of $3.22 billion and a P/E ratio of 10.87. Capital Power has a 52 week low of C$25.33 and a 52 week high of C$32.44. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 105.69.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.48 per share. This is an increase from Capital Power’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.92 dividend on an annualized basis and a yield of 6.28%. Capital Power’s dividend payout ratio is 63.63%.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.

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Analyst Recommendations for Capital Power (TSE:CPX)

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