Capital Power Co. (TSE:CPX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Capital Power Co. (TSE:CPX) has received an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$46.44.

CPX has been the subject of several research reports. Atb Cap Markets raised Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 26th. Scotiabank lifted their price target on shares of Capital Power from C$43.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Securities raised their target price on shares of Capital Power from C$47.00 to C$48.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Desjardins boosted their price target on Capital Power from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets raised their price objective on Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th.

Capital Power Price Performance

Shares of Capital Power stock opened at C$50.57 on Friday. The stock has a market capitalization of C$6.57 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. The company has a fifty day moving average of C$45.41 and a 200-day moving average of C$40.92. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$50.92. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). Capital Power had a net margin of 16.77% and a return on equity of 19.49%. The company had revenue of C$774.00 million for the quarter. Equities research analysts expect that Capital Power will post 2.8211658 EPS for the current year.

Capital Power Increases Dividend

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 paid a $0.652 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.61 annualized dividend and a yield of 5.16%. This is a boost from Capital Power’s previous quarterly dividend of $0.62. 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.