Capital Power (TSE:CPX) Given New C$60.00 Price Target at Desjardins

Capital Power (TSE:CPX) had its target price lifted by Desjardins from C$56.00 to C$60.00 in a research note published on Thursday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. CIBC increased their price objective on shares of Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research report on Thursday. TD Securities lifted their price objective on Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. National Bankshares boosted their price objective on Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. ATB Capital raised their target price on Capital Power from C$52.00 to C$55.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Scotiabank upgraded shares of Capital Power from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$46.00 to C$60.00 in a research note on Thursday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Capital Power currently has a consensus rating of “Hold” and a consensus target price of C$55.11.

Capital Power Trading Down 2.1 %

Shares of CPX stock opened at C$55.30 on Thursday. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$56.82. The firm has a market cap of C$7.19 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a 50-day moving average of C$48.54 and a two-hundred day moving average of C$42.53. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55.

Capital Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.652 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.72%. Capital Power’s dividend payout ratio (DPR) is currently 51.68%.

Insider Buying and Selling

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Over the last quarter, insiders sold 6,400 shares of company stock worth $322,274. 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.