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

Capital Power (TSE:CPX) had its target price hoisted by National Bankshares from C$47.00 to C$56.00 in a report released on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also recently commented on CPX. BMO Capital Markets lifted their price target on shares of Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a research report on Thursday. Royal Bank of Canada lowered their target price 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. Scotiabank raised Capital Power from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$46.00 to C$60.00 in a research note on Thursday. TD Securities raised their price target on Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, ATB Capital upped their price objective on Capital Power from C$52.00 to C$55.00 and gave the company a “sector perform” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$55.11.

Capital Power Trading Up 4.0 %

CPX stock opened at C$56.47 on Thursday. 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 has a twelve month low of C$33.90 and a twelve month high of C$56.82. The company has a market cap of C$7.34 billion, a P/E ratio of 11.18, a PEG ratio of 0.91 and a beta of 0.64. The business has a fifty day moving average of C$48.03 and a 200-day moving average of C$42.30.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 EPS for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The firm had revenue of C$774.00 million during the quarter. As a group, equities research analysts expect that Capital Power will post 2.8197088 EPS for the current year.

Capital Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.652 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 dividend on an annualized basis and a yield of 4.62%. Capital Power’s payout ratio is 51.68%.

Insider Transactions at Capital Power

In related 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. Insiders have sold a total of 6,400 shares of company stock valued at $322,274 over the last 90 days. 0.17% of the stock is 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.