Capital Power Corp (CPX) Given Consensus Recommendation of “Buy” by Brokerages
Capital Power Corp (TSE:CPX) has earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$27.31.
A number of analysts recently commented on CPX shares. National Bank Financial increased their price objective on Capital Power Corp from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. TD Securities increased their price objective on Capital Power Corp from C$26.00 to C$28.00 and gave the company a “hold” rating in a research note on Thursday, July 27th.
Shares of Capital Power Corp (TSE CPX) traded up 0.12% during midday trading on Wednesday, reaching $24.97. 16,244 shares of the company’s stock traded hands. The stock’s 50 day moving average is $25.42 and its 200-day moving average is $25.13. Capital Power Corp has a 52 week low of $19.90 and a 52 week high of $26.51. The company has a market capitalization of $2.60 billion and a PE ratio of 10.79.
Capital Power Corp (TSE:CPX) last posted its quarterly earnings data on Wednesday, July 26th. The company reported C$0.27 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.01). The company had revenue of C$201.00 million for the quarter, compared to analyst estimates of C$244.84 million. Capital Power Corp had a net margin of 53.23% and a return on equity of 13.72%. On average, analysts forecast that Capital Power Corp will post $1.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.417 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Capital Power Corp’s previous quarterly dividend of $0.34. This represents a $1.67 annualized dividend and a yield of 6.69%.
Capital Power Corp Company Profile
Capital Power Corporation is a North American power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. The Company is engaged in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario, and in the United States, including North Carolina, New Mexico and Kansas.
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