Capital Power Co. (TSE:CPX) Receives Average Recommendation of “Hold” from Analysts

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

Several research firms have recently issued reports on CPX. Atb Cap Markets cut Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. ATB Capital raised their target price on shares of Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 18th. BMO Capital Markets upped their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 18th. CIBC raised their price objective on shares of Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a research note on Monday, December 30th. Finally, TD Securities upped their target price on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th.

Capital Power Stock Performance

Shares of TSE CPX opened at C$62.13 on Tuesday. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$68.73. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The company has a market cap of C$8.07 billion, a PE ratio of 12.30, a P/E/G ratio of 0.91 and a beta of 0.64. The stock has a 50 day simple moving average of C$61.56 and a 200-day simple moving average of C$51.32.

Capital Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.652 per share. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio (DPR) 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.