Capital Power (CPX) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Capital Power in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

7 brokers have issued 12-month target prices for Capital Power's stock. Their CPX share price forecasts range from C$50.00 to C$56.00. On average, they expect the company's share price to reach C$52.10 in the next year. This suggests a possible upside of 14.1% 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 1.4% and is now trading at C$45.66.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CPX earnings forecast.

Capital Power Co. (TSE:CPX) announced its earnings results on Wednesday, July, 26th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.01. The firm had revenue of $201 million for the quarter, compared to analyst estimates of $244.84 million. Capital Power had a net margin of 8.68% and a trailing twelve-month return on equity of 10.18%.

Capital Power declared a quarterly dividend on Friday, April 28th. Shareholders of record on Friday, June 30th will be given a dividend of 0.58 per share on Monday, July 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for CPX.

Capital Power (TSE:CPX) pays an annual dividend of C$2.32 per share and currently has a dividend yield of 5.06%. CPX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 103.11%. 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$45.66.

Capital Power (TSE:CPX) has a market capitalization of C$5.34 billion and generates C$3.48 billion in revenue each year. The company earns C$266 million in net income (profit) each year or C$2.25 on an earnings per share basis.

The company employs 773 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.