Capital Power (TSE:CPX) had its price objective lifted by BMO Capital Markets from C$30.00 to C$31.00 in a report released on Tuesday morning, BayStreet.CA reports.
Several other equities analysts also recently issued reports on the company. CIBC boosted their price objective on Capital Power from C$32.50 to C$33.00 in a research report on Thursday, May 9th. CSFB boosted their price objective on Capital Power from C$28.00 to C$32.00 in a research report on Thursday, April 25th. National Bank Financial boosted their price objective on Capital Power from C$38.00 to C$39.00 and gave the stock an outperform rating in a research report on Wednesday, June 19th. Finally, Raymond James upped their target price on Capital Power from C$35.50 to C$36.00 and gave the stock an outperform rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of C$33.00.
Shares of TSE CPX opened at C$29.99 on Tuesday. The company has a debt-to-equity ratio of 81.76, a quick ratio of 0.57 and a current ratio of 0.95. The business’s 50 day simple moving average is C$30.48. The firm has a market capitalization of $3.22 billion and a P/E ratio of 12.27. Capital Power has a 12-month low of C$25.33 and a 12-month high of C$32.44.
Capital Power (TSE:CPX) last issued its quarterly earnings data on Monday, April 29th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.58 by C($0.29). The firm had revenue of C$365.00 million during the quarter. As a group, equities research analysts forecast that Capital Power will post 1.8 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.40%. This is an increase from Capital Power’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, September 27th. Capital Power’s dividend payout ratio is 73.24%.
Capital Power Company Profile
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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