Capital Power Co. (TSE:CPX) Given Average Recommendation of “Hold” by Brokerages

Capital Power Co. (TSE:CPX) has been given an average rating of “Hold” by the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$45.09.

A number of brokerages recently issued reports on CPX. CIBC boosted their price objective on Capital Power from C$39.00 to C$41.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. National Bankshares lowered their price target on Capital Power from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Royal Bank of Canada cut their price objective on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a report on Thursday, May 2nd. BMO Capital Markets lowered their target price on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Finally, Desjardins cut their target price on shares of Capital Power from C$53.00 to C$52.00 and set a “buy” rating for the company in a research note on Thursday, June 6th.

Capital Power Trading Up 0.8 %

Capital Power stock opened at C$39.25 on Friday. The business has a 50-day simple moving average of C$38.67 and a two-hundred day simple moving average of C$37.78. The company has a market cap of C$5.07 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.91 and a beta of 0.58. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$42.34. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.93. The business had revenue of C$1.12 billion during the quarter. Capital Power had a return on equity of 19.80% and a net margin of 16.78%. Analysts predict that Capital Power will post 3.1603928 EPS for the current year.

Capital Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a dividend of $0.615 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.46 annualized dividend and a yield of 6.27%. Capital Power’s payout ratio is 47.04%.

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve sold 2,441 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$40.38, for a total transaction of C$98,577.10. 0.17% of the stock is owned by insiders.

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.