BMO Capital Markets Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its price objective raised by BMO Capital Markets from C$56.00 to C$68.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Several other research analysts also recently weighed in on CPX. National Bankshares increased their price target on Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. TD Securities raised their target price on 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. Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. CIBC boosted their price objective on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, 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 note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Capital Power has an average rating of “Hold” and a consensus target price of C$61.22.

Capital Power Price Performance

Capital Power stock opened at C$62.76 on Wednesday. The stock has a market cap of C$8.16 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The company’s 50 day moving average price is C$57.04 and its two-hundred day moving average price is C$47.68. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$68.73.

Capital Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s payout ratio is currently 51.68%.

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. 0.17% of the stock is owned by 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.