Capital Power (TSE:CPX) Price Target Raised to C$57.00

Capital Power (TSE:CPX) had its price objective lifted by ATB Capital from C$55.00 to C$57.00 in a report issued on Wednesday,BayStreet.CA reports.

Other research analysts have also issued research reports about the company. Royal Bank of Canada lowered their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. BMO Capital Markets upped their target price on Capital Power from C$47.00 to C$56.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. CIBC lifted their price target on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Scotiabank raised shares of Capital Power from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$46.00 to C$60.00 in a research report on Thursday, October 31st. Finally, National Bankshares raised their target price on shares of Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Capital Power presently has a consensus rating of “Hold” and an average target price of C$55.33.

Capital Power Price Performance

CPX stock opened at C$62.28 on Wednesday. The stock has a market capitalization of C$8.09 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.91 and a beta of 0.64. The firm’s 50-day moving average price is C$54.09 and its two-hundred day moving average price is C$45.69. 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 12-month low of C$33.90 and a 12-month high of C$64.39.

Capital Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.652 dividend. This represents a $2.61 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio is currently 51.68%.

Insiders Place Their Bets

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. In the last 90 days, insiders sold 6,300 shares of company stock valued at $317,981. 0.17% of the stock is owned by insiders.

Capital Power Company Profile

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.