Brokerages Set Capital Power Co. (TSE:CPX) Target Price at C$46.27

Capital Power Co. (TSE:CPX - Get Free Report) has earned a consensus recommendation of "Hold" from the ten research firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$46.27.

A number of analysts have issued reports on CPX shares. CIBC reduced their price objective on Capital Power from C$44.00 to C$43.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 24th. 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. ATB Capital reduced their price objective on Capital Power from C$42.00 to C$41.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 17th. Scotiabank cut their target price 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. Finally, Royal Bank of Canada cut their target price 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.

Capital Power Stock Performance

Shares of CPX stock traded down C$0.19 during trading hours on Friday, reaching C$36.42. 257,735 shares of the company traded hands, compared to its average volume of 407,503. Capital Power has a 12-month low of C$35.11 and a 12-month high of C$46.73. 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 company has a market cap of C$4.60 billion, a P/E ratio of 6.03, a P/E/G ratio of 0.91 and a beta of 0.57. The firm has a 50-day moving average price of C$37.56 and a 200 day moving average price of C$37.47.

Capital Power (TSE:CPX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating analysts' consensus estimates of C$0.72 by C$0.02. The firm had revenue of C$984.00 million for the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. As a group, sell-side analysts predict that Capital Power will post 3.1532468 earnings per share for the current fiscal year.

Capital Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend is Wednesday, March 27th. Capital Power's dividend payout ratio is currently 40.73%.

Insider Activity

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value of C$204,296.98. Corporate 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.