National Bankshares Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its price objective increased by National Bankshares from C$56.00 to C$65.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on CPX. ATB Capital raised their price objective on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Royal Bank of Canada reduced their price target on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. CIBC upped their price objective 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. TD Securities raised their target price on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Atb Cap Markets downgraded Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$61.22.

Capital Power Stock Down 0.9 %

Shares of TSE:CPX opened at C$62.76 on Wednesday. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The business’s 50-day moving average is C$57.04 and its 200-day moving average is C$47.68. The company has a market capitalization of C$8.16 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.652 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.16%. Capital Power’s payout ratio is 51.68%.

Insider Activity at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. 0.17% of the stock is currently 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.