Should I buy or sell Capital Power stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Capital Power in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 .

What is Capital Power's stock price target for 2024?

10 brokerages have issued 12-month price objectives for Capital Power's shares. Their CPX share price targets range from C$40.00 to C$57.00. On average, they predict the company's stock price to reach C$47.36 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price. View analysts price targets for CPX or view top-rated stocks among Wall Street analysts .

How have CPX shares performed in 2023?

Capital Power's stock was trading at C$46.33 at the beginning of the year. Since then, CPX shares have decreased by 19.0% and is now trading at C$37.52. View the best growth stocks for 2023 here .

When is Capital Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024. View our CPX earnings forecast .

How were Capital Power's earnings last quarter?

Capital Power Co. (TSE:CPX) released its earnings results on Wednesday, November, 1st. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.89. The firm had revenue of $1.15 billion for the quarter. Capital Power had a net margin of 13.68% and a trailing twelve-month return on equity of 17.99%.

How often does Capital Power pay dividends? What is the dividend yield for Capital Power?

Capital Power announced a quarterly dividend on Tuesday, October 31st. Investors of record on Friday, December 29th will be given a dividend of 0.615 per share on Wednesday, January 31st. This represents a $2.46 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend is Thursday, December 28th. Read our dividend analysis for CPX .

Is Capital Power a good dividend stock?

Capital Power (TSE:CPX) pays an annual dividend of C$2.46 per share and currently has a dividend yield of 6.52%. CPX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.91%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for CPX .

What other stocks do shareholders of Capital Power own?

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) .

How do I buy shares of Capital Power?

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. Compare Top Brokerages Here .

Capital Power Stock Price, News & Analysis (TSE:CPX)

C$37.52

-0.30 (-0.79%)

(As of 12/5/2023 ET)

Compare

Today's Range: C$37.33
▼
C$37.96
50-Day Range: C$35.20
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C$39.65
52-Week Range: C$35.11
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C$50.28

Volume: 271,355 shs
Average Volume: 351,475 shs
Market Capitalization: C$4.39 billion

P/E Ratio: 8.53
Dividend Yield: 6.56%
Price Target: C$47.36

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Capital Power MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 26.2% Upside
C$47.36 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.17
Based on 27 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.80 out of 5 stars

4.2

Analyst's Opinion

Consensus Rating
Capital Power has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$47.36, Capital Power has a forecasted upside of 26.2% from its current price of C$37.52.
Amount of Analyst Coverage
Capital Power has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CPX.

2.5

Dividend Strength

Dividend Leadership
Capital Power is a leading dividend payer. It pays a dividend yield of 6.52%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Capital Power does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Capital Power is 55.91%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CPX.

2.3

News and Social Media Coverage

News Sentiment
Capital Power has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 27 news articles for Capital Power this week, compared to 1 article on an average week.
Search Interest
11 people have searched for CPX on MarketBeat in the last 30 days. This is an increase of 175% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Capital Power insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.18% of the stock of Capital Power is held by insiders.
Percentage Held by Institutions
Only 20.51% of the stock of Capital Power is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Capital Power is 8.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Capital Power is 8.53, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 103.12.
Price to Earnings Growth Ratio
Capital Power has a PEG Ratio of 0.91. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Capital Power has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Capital Power Stock (TSE:CPX)

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 of power generation capacity at 29 facilities. It also manages its related electricity, natural gas, and emissions portfolios by undertaking trading and marketing activities. Capital Power Corporation was founded in 1891 and is headquartered in Edmonton, Canada.

CPX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CPX Stock News Headlines

December 3, 2023 | americanbankingnews.com

Q1 2024 Earnings Estimate for Capital Power Co. (TSE:CPX) Issued By Raymond James

December 2, 2023 | americanbankingnews.com

Capital Power Co. (TSE:CPX) to Post Q4 2023 Earnings of $0.90 Per Share, Atb Cap Markets Forecasts

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December 2, 2023 | americanbankingnews.com

FY2023 EPS Estimates for Capital Power Co. (TSE:CPX) Increased by Analyst

December 2, 2023 | americanbankingnews.com

FY2023 Earnings Estimate for Capital Power Co. (TSE:CPX) Issued By Atb Cap Markets

December 1, 2023 | americanbankingnews.com

Capital Power (TSE:CPX) Hits New 52-Week High on Analyst Upgrade