Capital Power Co. (TSE:CPX) Given Average Recommendation of “Hold” by Analysts

Shares of Capital Power Co. (TSE:CPX) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$62.78.

Several research firms recently weighed in on CPX. CIBC lifted their target price on Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a research report on Monday, December 30th. ATB Capital lifted their price objective on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 18th. Scotiabank boosted their price objective on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. TD Securities raised their target price on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, National Bankshares upped their price target on shares of Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th.

Capital Power Stock Down 3.8 %

Capital Power stock opened at C$58.50 on Tuesday. Capital Power has a one year low of C$33.90 and a one year high of C$68.73. The stock has a fifty day moving average of C$61.25 and a 200 day moving average of C$50.66. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The stock has a market cap of C$7.60 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s payout ratio is presently 51.68%.

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.