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

Capital Power Co. (TSE:CPX) has received an average recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$62.78.

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada cut 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. Scotiabank lifted their price objective on Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. BMO Capital Markets lifted their price objective on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 18th. National Bankshares upped their target price on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, TD Securities boosted their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th.

Capital Power Trading Up 0.0 %

TSE CPX opened at C$62.15 on Tuesday. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. The firm has a 50-day moving average price of C$61.67 and a 200 day moving average price of C$51.48. The stock has a market capitalization of C$8.08 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46.

Capital Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid 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 4.20%. Capital Power’s dividend payout ratio is presently 51.68%.

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.