Capital Power Corp (TSE:CPX) Receives Average Recommendation of “Buy” from Analysts
Shares of Capital Power Corp (TSE:CPX) have been assigned a consensus rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$27.31.
CPX has been the subject of several research reports. Scotiabank reiterated a “sector perform” rating and set a C$26.00 price objective on shares of Capital Power Corp in a research report on Tuesday, May 2nd. TD Securities increased their price objective on shares of Capital Power Corp from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. National Bank Financial increased their price objective on shares of Capital Power Corp from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday. Raymond James Financial, Inc. increased their price objective on shares of Capital Power Corp from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets increased their price objective on shares of Capital Power Corp from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, April 25th.
Capital Power Corp (TSE:CPX) traded up 0.20% during mid-day trading on Friday, hitting $25.35. 37,597 shares of the stock were exchanged. The stock has a market capitalization of $2.64 billion and a PE ratio of 10.96. Capital Power Corp has a 52 week low of $19.90 and a 52 week high of $26.43. The company has a 50-day moving average of $24.52 and a 200-day moving average of $25.06.
Capital Power Corp (TSE:CPX) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Capital Power Corp had a net margin of 53.23% and a return on equity of 13.72%. The business had revenue of $201 million for the quarter, compared to the consensus estimate of $244.84 million. On average, equities analysts predict that Capital Power Corp will post $1.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a $0.417 dividend. This represents a $1.67 annualized dividend and a yield of 6.59%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Capital Power Corp’s previous quarterly dividend of $0.34.
Capital Power Corp Company Profile
Capital Power Corporation acquires, develops, operates, and optimizes power generation facilities in Canada and the United States. It generates electricity from various energy sources, such as natural gas, coal, landfill gas, wind, solid fuels, and solar. As of February 21, 2017, the company owned approximately 3,200 megawatts of power generation capacity at 18 facilities; and 700 megawatts of owned generation capacity under the advanced stages of development.
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