Capital Power (CPX) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Capital Power in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CPX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPX, but not buy additional shares or sell existing shares.
View CPX analyst ratings or view top-rated stocks.

10 equities research analysts have issued twelve-month target prices for Capital Power's stock. Their CPX share price forecasts range from C$46.00 to C$57.00. On average, they anticipate the company's share price to reach C$50.36 in the next year. This suggests a possible upside of 32.8% from the stock's current price.
View analysts price targets for CPX or view top-rated stocks among Wall Street analysts.

Capital Power's stock was trading at C$46.33 at the start of the year. Since then, CPX shares have decreased by 18.2% and is now trading at C$37.92.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our CPX earnings forecast.

Capital Power Co. (TSE:CPX) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.94 by $0.27. The company had revenue of $823 million for the quarter. Capital Power had a net margin of 8.48% and a trailing twelve-month return on equity of 10.46%.

Capital Power declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 29th will be paid a dividend of 0.615 per share on Tuesday, October 31st. This represents a $2.46 annualized dividend and a yield of 6.49%. The ex-dividend date is Thursday, September 28th. This is a positive change from the stock's previous quarterly dividend of C$0.58.
Read our dividend analysis for CPX.

Capital Power (TSE:CPX) pays an annual dividend of C$2.46 per share and currently has a dividend yield of 6.07%. CPX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 105.13%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CPX.

Based on aggregate information from My MarketBeat watchlists, some companies that other Capital Power investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), Enbridge (ENB), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Micron Technology (MU) and Precision Drilling (PD).

Capital Power trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CPX."

Shares of CPX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of CPX stock can currently be purchased for approximately C$37.92.

Capital Power (TSE:CPX) has a market capitalization of C$4.43 billion and generates C$3.65 billion in revenue each year. The company earns C$276 million in net income (profit) each year or C$2.34 on an earnings per share basis.

The company employs 737 workers across the globe.

Capital Power's mailing address is 1200-10423 101 St NW, EDMONTON, AB T5H 0E9, Canada. The official website for the company is www.capitalpower.com. The company can be reached via phone at +1-780-3925100.