Capital Power Corp (CPX) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Capital Power Corp (TSE:CPX) have earned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$28.29.

A number of research firms have weighed in on CPX. BMO Capital Markets reaffirmed an “outperform” rating and set a C$28.00 target price on shares of Capital Power in a report on Friday, December 15th. National Bank Financial boosted their price objective on Capital Power from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th.

Capital Power (TSE CPX) traded up C$0.06 during mid-day trading on Monday, reaching C$24.06. The company’s stock had a trading volume of 153,169 shares, compared to its average volume of 181,641. The stock has a market cap of $2,520.00, a price-to-earnings ratio of 15.73 and a beta of 0.41. Capital Power has a 1-year low of C$23.26 and a 1-year high of C$26.51.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.417 per share. This represents a $1.67 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend is Thursday, December 28th. Capital Power’s payout ratio is 103.76%.

In other Capital Power news, Director Donald James Lowry acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was bought at an average price of C$24.68 per share, with a total value of C$74,040.00.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/08/capital-power-corp-cpx-receives-consensus-recommendation-of-buy-from-brokerages.html.

Capital Power Company Profile

Capital Power Corporation is a North American power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. The Company is engaged in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario, and in the United States, including North Carolina, New Mexico and Kansas.

Analyst Recommendations for Capital Power (TSE:CPX)

Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply