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

Capital Power Co. (TSE:CPX) has received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$46.27.

A number of research analysts recently commented on the company. Royal Bank of Canada decreased their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 29th. Scotiabank decreased their price target on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. ATB Capital decreased their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. CIBC decreased their price target on Capital Power from C$44.00 to C$43.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Finally, National Bankshares reduced their price objective on Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th.

Capital Power Stock Up 0.7 %

CPX stock opened at C$36.12 on Friday. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. The stock has a market capitalization of C$4.56 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.91 and a beta of 0.57. The business’s fifty day moving average price is C$37.52 and its two-hundred day moving average price is C$37.42. Capital Power has a fifty-two week low of C$35.11 and a fifty-two week high of C$46.73.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.02. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. The company had revenue of C$984.00 million for the quarter. On average, equities analysts anticipate that Capital Power will post 3.1532468 earnings per share for the current year.

Capital Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date is Wednesday, March 27th. Capital Power’s payout ratio is 40.73%.

Insider Activity

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. Insiders own 0.17% of the company’s stock.

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.