TD Securities Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its price objective lifted by TD Securities from C$61.00 to C$70.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. ATB Capital raised their target price on Capital Power from C$55.00 to C$57.00 in a research report on Wednesday, November 27th. Atb Cap Markets cut Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada reduced their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. Desjardins increased their target price on shares of Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Scotiabank upgraded shares of Capital Power from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$46.00 to C$60.00 in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital Power presently has a consensus rating of “Hold” and a consensus target price of C$56.78.

Capital Power Price Performance

The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The business has a 50-day simple moving average of C$54.59 and a 200-day simple moving average of C$46.15. The firm has a market capitalization of C$8.04 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$64.39.

Capital Power Dividend Announcement

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

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. In the last quarter, insiders have sold 6,300 shares of company stock valued at $317,981. 0.17% of the stock is currently owned by corporate insiders.

About Capital Power

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.