Royal Bank of Canada Raises Capital Power (TSE:CPX) Price Target to C$44.00

Capital Power (TSE:CPX) had its target price hoisted by Royal Bank of Canada from C$39.00 to C$44.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities analysts also recently weighed in on CPX. National Bankshares boosted their price target on Capital Power from C$43.00 to C$44.00 in a research report on Thursday. Raymond James decreased their target price on Capital Power from C$46.00 to C$45.00 and set a market perform rating on the stock in a research report on Thursday, April 25th. ATB Capital upped their target price on Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. Scotiabank upped their target price on Capital Power from C$43.00 to C$46.00 and gave the company an outperform rating in a research report on Thursday. Finally, CIBC upped their target price on Capital Power from C$41.00 to C$42.00 and gave the company a neutral rating in a research report on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$46.91.

Capital Power Stock Down 0.1 %

Shares of Capital Power stock traded down C$0.05 during trading on Thursday, reaching C$43.31. The stock had a trading volume of 33,489 shares, compared to its average volume of 469,198. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$43.58. The company has a market capitalization of C$5.59 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 0.91 and a beta of 0.58. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 125.95. The stock has a fifty day moving average price of C$40.27 and a two-hundred day moving average price of C$38.27.

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

Capital Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a yield of 6.02%. This is an increase from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, September 27th. Capital Power’s dividend payout ratio is presently 47.04%.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve purchased 5,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of C$37.14 per share, for a total transaction of C$185,700.00. 0.17% of the stock is currently owned by company 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.