Shares of Capital Power Corp (TSE:CPX) have been assigned an average rating of “Buy” from the eight research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$33.00.
A number of equities research analysts recently commented on the company. CIBC upped their target price on Capital Power from C$32.50 to C$33.00 in a research report on Thursday, May 9th. CSFB boosted their price target on Capital Power from C$28.00 to C$32.00 in a report on Thursday, April 25th. National Bank Financial boosted their price target on Capital Power from C$38.00 to C$39.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. Raymond James boosted their price target on Capital Power from C$35.50 to C$36.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, BMO Capital Markets boosted their price target on Capital Power from C$30.00 to C$31.00 in a report on Tuesday, July 30th.
TSE CPX traded up C$0.03 during trading hours on Friday, reaching C$30.35. The stock had a trading volume of 236,400 shares, compared to its average volume of 294,939. The stock has a fifty day moving average of C$30.27 and a 200 day moving average of C$30.48. The stock has a market cap of $3.24 billion and a P/E ratio of 10.79. Capital Power has a 52-week low of C$25.33 and a 52-week high of C$32.44. The company has a debt-to-equity ratio of 105.69, a quick ratio of 0.53 and a current ratio of 0.86.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a $0.48 dividend. The ex-dividend date is Friday, September 27th. This is an increase from Capital Power’s previous quarterly dividend of $0.42. This represents a $1.92 dividend on an annualized basis and a yield of 6.33%. Capital Power’s payout ratio is presently 63.63%.
In related news, Director Brian Tellef Vaasjo purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of C$29.75 per share, with a total value of C$297,500.00. Following the completion of the acquisition, the director now owns 128,192 shares of the company’s stock, valued at approximately C$3,813,712.
About Capital Power
Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.
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